Is $100 Oil Ahead?
By Kristina Zurla Landgraf • Nov 11th, 2010 • Category: Broker Commentary, Market UpdatesCrude oil futures have backed off a bit in early trade Thursday, November 11 after hitting a two-year high above $88 a barrel. A weak dollar in the wake of the Fed’s second announced round of quantitative easing and increased Chinese demand have fueled gains. China’s refineries processed a record 37 million metric tons (8.8 [...]
