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Wednesday, July 26, 2006

Have Oil Prices Found A Home?

Have Oil prices found a home? Energy traders are used to wild swings in Crude Oil futures, and that's why the recent consolidation has caught many traders by surprise. Prices are caught between 75.50 on the upside and 73.50 on the downside. News out of the Middle East has traders conflicted, as one day it looks like the situation in Lebanon will escalate and prices will go higher, then the following day rumors about a possible release of two kidnapped Israeli soldiers has traders bailing out of long positions. Read More....