Tanker Attacked, Oil Spikes to $117

Sunday, November 22nd, 2009

Apr 21st, 2008 | By Contrarian Profits | Category: Featured, Financial News

Oil spiked up over $117 a barrel again today after an attack on a Japanese oil tanker off the coast of Yemen.

The oil market is jumpy with nearly any kind of dissruption causing higher prices. Gary White sees oil at $125 any day now.

Meanwhile, Black Bear, in Taipan Daily, thinks that there is a good opportunity in natural gas which has yet to spike as much as crude oil and is due for sharp increases.

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