Oil Futures Trade at Multi Month Highs

Monday, October 12, 2009

Nymex Crude Oil Futures rose to 53 dollars a barrel this morning to the highest levels in almost four months. The move is being supported by a weak dollar, and the US plan to remove toxic assets from bank balance sheets.

Crude oil Futures rose 64 cents to 52.71 dollars a barrel.

Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.

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