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Wednesday, December 20, 2006

Consolidation Continues For Crude Oil

Consolidation continues for Crude Oil: Since the middle of September, Crude Oil futures have been trapped in a $6 range with neither bulls nor bears able to wrestle control over the market. This was quite a shift from earlier in the year when Oil prices made record highs, and then mid-year fell over $20 a barrel. Going into the end of 2006, traders will be watching closely today's release of the EIA weekly energy stocks report to try to find some catalyst to break out of the volatility slump. Read More....