Wednesday, February 8, 2012

Spot Price of Oil: $100.04 ---- Wasn't It Just Two Days Ago We Were Reassured That Saudi Would Not Let Oil Go Above $100?

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The $100.04 spot price was noted at 9:46 a.m. EST, this date.

I understand that prognostications over a week or so can be wrong, but two days? And all that publicity on CNBC for that reassurance.  Let me know if anyone at CNBC comments on this. I won't be watching this morning.

Will have to check DrudgeReport to see "why."

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