Oil Market Heating Up?

Oil market heating up? It certainly appears to be the case, as renewed speculative buying – primarily by commodity funds – was behind Tuesday's nearly $3 gain in Crude Oil prices. Word that Saudi Arabia would reduce production by 158,000 barrels was the main catalyst for the price surge, with forecasts for below-normal temperatures in the central and eastern US and an improved economic outlook for the US also providing support. Read More....