Oil Keeps Rallying

Sunday, October 11, 2009

Oil prices hit new highs for the year, as the oil rally continues.

Oil has been ready for a recovery, and historically it's hard to find a 30-day window kinder to the market than about March 15 through April 15, said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.

The sazonality is good for oil prices and they are coming out of a very oversold condition so prices should continue to go higher.

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