Higher Oil: Sign Of Economic Growth

- March 27th, 2009

Crude Investing News reports investors see sign of economic growth with higher oil prices. “It is almost as if the market wants to see oil rally,” says Phil Flynn, senior market analyst at Alaron Trading, a commodities trading firm, because of its status as a bellwether for the market. “Short term, the market is hoping … Continued

Crude Investing News reports investors see sign of economic growth with higher oil prices.

“It is almost as if the market wants to see oil rally,” says Phil Flynn, senior market analyst at Alaron Trading, a commodities trading firm, because of its status as a bellwether for the market. “Short term, the market is hoping for higher oil because it is a sign of economic hope.”

 

Leave a Reply