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Oil Trades Over $100, Psychological Barrier Breached

This image was lost some time after publication.
This image was lost some time after publication.

In case you haven't been paying attention to the day to day Wall Street news tickers, oil briefly traded over the dreaded $100 per barrel mark yesterday. NPR reported this morning it may have been traded on by as few as two traders at that price but it was enough of a scare for prices to quickly retreat back down to close at $99.62. But now that it's been done, we're betting it will be a matter of days before it closes above the century mark, then it's Katy bar the door. Guess that's what happens with a weak dollar and shenanigans in oil-producing countries.[Reuters.com]

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DISCUSSION

Triborough
Triborough

This of course won't really effect SUV sales.