Wednesday, July 09, 2008

Up Down Up Up Up Down Up Up Up

Not sure where oil prices are going over the long term? The answer is every 'mistake', every 'error', every 'slip' affects oil prices adversely. from bad weather, to hawkish announcements of war, to the dollars interminable slide.
clipped from biz.yahoo.com

Oil prices rebound after Iran test-fires missiles in response to Israeli military exercises

VIENNA, Austria (AP) -- Oil prices rebounded from consecutive days of steep declines after Iran test-fired nine missiles Wednesday, including Shahab-3 missiles capable of reaching Israel.

Expectations that a U.S. crude supply report later in the day will show stocks at continued lows also supported prices.

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