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Tuesday, February 14th, 2012

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.

More on this topic (What's this?) Read more on Oil at Wikinvest

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