crude oil

[Smokin Gator]

Not that I disagree with your general premise... but the price of crude has been going up for a couple of months now.

[ucla695]

Originally Posted by Smokin Gator

Not that I disagree with your general premise... but the price of crude has been going up for a couple of months now.

Yes, it has bounced from the trough and now has been teetering around $70 (flirting north and south of that). It's highly elastic on the uptick, but less so when it drops. Tends to go in the same direction as the market. Luckily, I think the super cycle has been dampened.....well, at least for now.