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Biggest One Day Gain for Crude Oil

June 8, 2008 at 15:18 Oil, Technical Analysis by Mario

Friday’s one-day gain of $10.75 for crude oil was the biggest daily gain in history, and Thursday’s gain was the second biggest. This has pushed gasoline prices up over $4.00 gallon.

Last year at this time crude oil was around $66.00 barrel. Fridays close was a new record and put oil above $139.00 barrel.

What does this mean for Forex traders….how commodity prices affect currencies.

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