Speculators and $112 Oil

It will be interesting to see if speculators are willing to hold their contracts for $112 over the weekend.

It certainly appears that oil is now trading in tandem with gold.

Update, 14:05 p.m. EST, Friday, April 8, 2011: I guess they will. Oil continued to rise as the market got closer to closing and in the after-hours continued to go up. Right now, oil is at $113.14.