It Was Only A Matter of Time: Oil Hits All Time High
Oil prices are just ridiculous!
Oil futures jumped to a new record close of $90.46 a barrel Thursday on news that OPEC production increases aren’t coming as fast as expected and that the cartel won’t announce new output quotas when it meets next month.
Prices rose in early trading on growing concerns about conflict in the Middle East and declining supplies of crude in the U.S. Read more here.
Of course, this news just dragged today’s market down even farther. Luckily i have a pretty reliable online stock picking service, like Gorilla Trades, that still serves me up winners the majority of the time.
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