Dec 16, 2011

Oil Trading Near 6 Week Lows

Crude oil tumbled to the lowest level in six weeks as industrial production declined for the first time since April in the U.S., the world’s largest oil- consuming country. (Source: Bloomberg)

I expect volume and activity to slow sharply beginning today. I have a bullish bias for the last 2 weeks of the year based on strong seasonality.

Have a great weekend!

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