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Commodities roundup: Oil rally unleashed, how much more left

Started by staff, September 23, 2008, 02:02:49 AM

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Commodities roundup: Oil rally unleashed, how much more left
      


“Short squeeze, crude expiration — that’s it in a nutshell.”
So says  Tom Knight of Truman Arnold in Texas of the near 16% surge in U.S. crude for October to $120.92 a barrel. Among other factors in the energy markets today:
* TARP, the Sec. Paulson-led rescue plan for U.S. banks, has changed sentiment for oil, [...]
         

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