Tuesday, January 3, 2012

WTI Futures Up Almost $3.00

Too early (for me) to look for reasons.

All I remember was an analyst (or two) last week suggesting there would be a pullback; even talk of going back to the mid-70's. Someone in passing asked if we could see it go all the way back to 35 (I think, although I forget; the analyst said not that far, but certainly back to 75. That was on CNBC; I don't recall the rationale.

So we will see.

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