Wednesday, July 09, 2008

OIL Good News Bears

Hmm...
Iran "taking over the World" does not push oil higher for any meaningful amount and move fails.
Bullish Crude/Gasoline Inventory report does not push oil higher for any meaningful amount and move fails.
Does it make you want to go long oil or (USO)? If it does - good luck and ... you are on your own...

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