Cashing in on Commodities: What’s Driving the Oil Bull, How Much Further It Will Go, and How Investors Can Profit

Exactly 12 months ago, West Texas Intermediate crude oil was trading at just under $63 a barrel. Yesterday (Thursday) futures prices for that benchmark grade of crude oil hit the latest in a succession of record highs, punching through the $135-a-barrel mark on the New York Mercantile Exchange, before sliding back. In other words, in only a single year, crude-oil prices have more than doubled, soaring 115% - and setting 27 separate new records along the way. And while a short-term correction may be in the offing - especially with fears of a U.S. recession ebbing - the reality is that oil… SHARETHIS.addEntry({ title: "Cashing in on Commodities: What’s Driving the Oil Bull, How Much Further It Will Go, and How Investors Can Profit", url: "http://jutiagroup.com/2008/05/23/cashing-in-on-commodities-what%e2%80%99s-driving-the-oil-bull-how-much-further-it-will-go-and-how-investors-can-profit/" });