Oil to Hit $100: Good for Stocks, But Economic Damage ‘Baked In’
After suffering an 11% drop in three days, crude prices rebounded back above $130 on Friday. But “the commodity trade is over” and oil is likely to hit $100 sooner rather than later, says Scott Bleier, president of HybridInvestors.com. …
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Posted on July 18th, 2008 by
Filed under: stock news
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