Energyandcapital.com reported on if is Oil heading to New Heights:

For more than six months, traders have seen crude prices rock back and forth between $70 and $80 per barrel. Sure, there are a few days that oil prices make a run to $85/bbl, or briefly dip below $70/bbl, but never for long.And lately, news of economic growth has bulls confident that crude contracts will make a run over $81 a barrel next week.

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