Monday, September 22, 2008

Crude oil moves to $ 116

Crude rallied today above $116/barrel, the highest price in three weeks, based on the prospect that the Bush bailout will prompt economic growth.  I'm not sure about growth, but $ 1 trillion + is bound to create a bit of inflation.MarketWatch link

http://lawprofessors.typepad.com/environmental_law/2008/09/crude-oil-moves.html

Economics | Permalink

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