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Oil's rallied $25 this month alone! Move to $150 now we are in the run away phase of this rally is 'doable' by the end of next week.
US summer driving season is upon us - there was a 5000 barrel shortfall in expected API crude inventories last night and thats even with the halting of shipments to the US strategic oil reserve. Given an outside shock we are very much in uncharted territory.
Fed minutes were released last night and thats the last rate cut in this cycle - so we better hurry up and have a recession or bar owners raising beer prices (which they probably should) will be the least of your concerns!
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Its My Life ..........!
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