Thursday, October 8, 2015

Oil Surpasses $50 for First Time Since July

US crude climbed as much as 4.7% Thursday, crossing the $50 a barrel mark for the first time since July.

The spike to the upside came as the US dollar fell by 0.4% against  basket of six major global currencies.

Brace yourself, accelerating price inflation is coming. Is today's move part of the turn?

 -RW

1 comment:

  1. Perhaps or it may be the collapse of us shale oil market.

    ReplyDelete