Oil Spikes Above $100

[godoftrading]

Oil futures prices have shot back above $100 a barrel for the first time since Jan. 3. A weekend refinery explosion in Texas and the possibility that OPEC will cut production next month are driving prices higher, although analysts say there isn't a single factor to explain the move.

http://biz.yahoo.com/ap/080219/oil_prices.html

 

[TamingSari]

Oil futures prices have shot back above $100 a barrel for the first time since Jan. 3. A weekend refinery explosion in Texas and the possibility that OPEC will cut production next month are driving prices higher, although analysts say there isn't a single factor to explain the move.

http://biz.yahoo.com/ap/080219/oil_prices.html

disadvantage for Japan.. so we predict YEN will weak during this situation