The Crude Oil rose with 4.7% for 8-hours.
The Crude Oil rose fast after the recovery by Monday and Tuesday this week. The Sweet Crude Oil Future for September recovered to levels of $72.88 while just for 8-hours up to $76.33. The raise of the Crude Oil is with 4.7% and is highest jump for the last few months. The Crude Oil is close to the record from the mid of July 2006 at $78.09. Most of the analyzers predict levels of $95.00 this year and test of the psychological level of $100 for the Brent. The expanding of the world economy and needed by more Crude Oil will cause serious problems of all sectors of the world economy. The raising prices of the Crude will push the inflation in all countries that will cool the economy and growth. At the same time the dollar up with over 100 pips against the euro that helped for the so huge Crude Oil raise yesterday.
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