Crude oil continues to march higher, May WTI taking out the $110/barrel level last seen in the...

|By:, SA News Editor

Crude oil continues to march higher, May WTI taking out the $110/barrel level last seen in the summer of 2008 (it was on the way down then). OPEC contends the market is well supplied and thus cannot do anything to relieve prices. Perhaps Jeff Rubin and others are right and OPEC has no spare capacity. USO +1.4%.