Thread: Here comes oil
View Single Post
Old 08-20-2008 | 06:22 AM
  #1  
Whacker77
Gets Weekends Off
 
Joined: May 2007
Posts: 416
Likes: 0
From: CFI
Default Here comes oil

It doesn't look good for oil right now. As I write, oil is up for the third straight day. It is now more than $116 after coming close to $110 two days ago. This could be a safe haven move as financials continue to fall, but I'm worried oil is about to make a comeback. Goldman Sachs just said they expect oil to go to $149. That's not good for airlines.
Reply