Quote:
Originally Posted by VR Baron
Just filled up at 3.89 in SoCal. oil jumped today by $14/barrel on the news that the EU may start to get their crap together, at least for a day..lol! But economic conditions are getting worse so it may not hold. Oh yeah the holiday also.
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it was actually 7 a barrel, 6 for Brent sea crude. but it actually has more to do with sanctions getting ready to start on Iran. prices will probably move up a bit (futures were oversold) and then stabilize or rise slightly for the rest of the year.