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Tacking on $2 since the Fed's QE announcement, WTI crude is back in triple digits and hopes from...

Tacking on $2 since the Fed's QE announcement, WTI crude is back in triple digits and hopes from 10 weeks ago of gasoline below $3 gallon give way to worries of the price popping through $4. What Fed stimulus gives on one hand, it takes away with another (good luck getting them to admit it!). USO +1.6% premarket.
Comments (4)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Not to worry. We have a strategic petroleum reserve for just such contingencies.
    14 Sep 2012, 08:42 AM Reply Like
  • 6fujitsu0
    , contributor
    Comments (28) | Send Message
     
    dollar devalued, again, oil and everything else we all buy is going to have a higher price. thanks fed!
    14 Sep 2012, 08:42 AM Reply Like
  • Ray - Kitchener
    , contributor
    Comments (74) | Send Message
     
    Biggest Ponzi Scheme I have seen. The Helicopter is destroying the $US and it's Reserve Currency status. Jobs? BS. More like getting Obama re-elected.
    14 Sep 2012, 08:56 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    You think maybe crude popping has anything to do with what's going on in the Middle East?
    14 Sep 2012, 09:15 AM Reply Like
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