June crude rose $1.87 to $121.84 a barrel after soaring to $122.73. Strikes and political unrest continued in Nigeria, and Iran dismissed talk of nuke inspections. Higher energy price targets from the Energy Information Administration and a renewed "super-spike" forecast from Goldman Sachs also fueled gains. So did a weaker dollar.
-Investor's Business Daily
Invest with discipline, MPM.
Tuesday, May 6, 2008
Oil Investor's Business
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