Oil and Gold’s Run not Over Yet
Apr 11th, 2008 | By Garry White | Category: Gold MarketSo the commodity rally is over is it? That has been the view of many commentators over the last week – but Mr Market just doesn’t appear to be listening.
So the commodity rally is over is it? That has been the view of many commentators over the last week – but Mr Market just doesn’t appear to be listening.
Stockpile declines catch analysts flat-footed. In the energy market Wednesday, crude for May delivery skyrocketed to a new alltime high, closing at $110.87/barrel, up $2.37 after hitting an intraday high of $112.21. May reformulated gasoline rose 2.38 cents, to $2.7742/gallon.