Oil Investing News » Crude will touch $58-60

Crude will touch $58-60

May 5, 2009 @ 4:31 am In Oil Market News

After nose-diving from a peak of $147 to $ 33 per barrel, crude oil is again displaying a good show of strength. The US crude oil future was trading above $54 a barrel, to a five month high, on improved optimism about an economic recovery.

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[1] here: http://economictimes.indiatimes.com/Economy/Crude-may-touch-58-60-a-barrel/articleshow/4485976.cms