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Tuesday, December 05, 2006

Oil Setting Up For A Move Higher?

Oil futures setting up for a move higher? The days of below $50 Oil may be near an end, as threats of further OPEC production cuts and continued solid demand continue to support the market. Yesterday's correction broke a six-day string of higher prices, as speculators booked profits when weather forecasters called for normal to above normal temperatures in the Midwest and Northeast next week. Read More.....