That's It For Now: I've Been Kicked Off The Wi-Fi At This Starbucks A Gazillion Times This Morning; Time To Leave; See Ya All Later; Price Of Oil Continues To Melt Up; Apple To Set Record (Again)

The price of oil is up almost 2% today: a convergence of several "items." I can think of three things, maybe four driving the price of oil. SRE is trading at a new 52-week high.

The AP is reporting:

The price of oil rose above $95 a barrel on Wednesday amid expectations for solid demand and weaker supply, particularly in Asia and Europe. 

By early afternoon in Europe, benchmark U.S. crude for March delivery was up 53 cents at $95.50 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, the Nymex March contract closed at $94.97 a barrel, up 38 cents.

The IMF said Tuesday it expects the world economy to grow 3.7 percent this year and the U.S. economy by 2.8 percent. Both are slightly higher than its previous projections.

MacRumors is reporting record sales for the Christmas/Kwanzaa/Eid al-Adha/Jewish/Festivus holidays:

Apple will announce its next quarterly earnings on Monday, January 27, and ahead of the announcement analysts are releasing their iPhone and iPad sales estimates for this holiday quarter. As we noted earlier this week, analysts predict record quarterly sales of 55 million iPhones, a 16% increase over the same quarter last year. A follow-up report today from Philip Elmer-Dewitt of Fortune suggests sales of the iPad will grow 10% year-over-year to also set a new record for Apple.