“It’s a bearish signal that oil is dropping at the base of a category 3, category 4 hurricane,” said Ben Dell, an analyst at Sanford C. Bernstein & Company. Last week, oil prices rose slightly on fears that Tropical Storm Hanna would disrupt refinery activity on the Gulf Coast.BEARISH INDEED.
- REGULAR READERS OF THIS BLOG KNOW WE PREDICTED IT.
- AND WE PREDICT $80 BY THE END OF OCTOBER AND $60 BY NEW YEAR'S EVE.
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