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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Ditchdigger who wrote (7061)3/21/2005 6:44:04 PM
From: LAWRENCE C.  Read Replies (1) of 23958
 
DD, Unfortunately the US economy uses a lot things which are produced from oil like gasoline, heating oil, diesel, avaition fuel, plastics, etc.
Yes, oil prices are high. I'm afraid over time they are going higher. We keep hitting new highs. I think there is over a 90% probability of breaking $60 oil mark before the end of June (possibly a lot sooner). I would prefer a slow rise but the price is likely to be volatile both up and down.

"NEW YORK Mar 21, 2005 — Oil prices retreated after surging above $57 a barrel Monday as the record-breaking rally over the past several days lost some momentum. "
abcnews.go.com

"April gasoline futures climbed 0.95 cent (U.S.) to $1.585 a gallon on the New York Mercantile Exchange Monday afternoon. "
theglobeandmail.com
Lawrence
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