Tanker Attacked, Oil Spikes to $117

Thursday, November 20th, 2008

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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Read more on Oil Prices at Wikinvest

Tags: Black Bear, Crude Oil, natural gas, Oil Market, Oil Spikes, Oil Tanker, Spike, Taipan, Yemen

By Contrarian Profits

June 13, 2008 -- Brazil Finds More Oil
June 5, 2008 -- Precious Metals Spinning Wheels
May 30, 2008 -- The Corrupt Way to Own Commodities

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