Tanker Attacked, Oil Spikes to $117
Posted on: Apr 21st, 2008 | By Contrarian Profits | Filed under 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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