| The abrupt reversal in crude oil prices since July is a reflection of investor sentiment in global financial markets, and Oil seems destined to reach $100/bbl shortly, according to Mitchell Clark, editor of Penny Stock Detectives.
He expects investor sentiment to take a significant turn for the better. “Some of the strength in oil prices is due to increased tensions in the Middle East,” claims Clark. But noting that there is yet to be a military strike, he notes that “In the absence of war, oil prices are a pretty good gauge on how financial markets feel about the global economy.”..............................................Full Article: Source
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