Flashback: Oil prices

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Cause o stuff like this:

Oil Prices Approaching Resisitance
Crude prices are approaching a critical level; NYMEX Crude has — quietly — risen 15% since its early Autumn price of $27. Its now approaching critical resistance at its post-war highs near ~$32.25. If prices pop over that level, you could see a clear run towards $36-38. While I expect that unlikely to happen, if it did, it would be quite problematic.

The Big Picture, Wednesday, November 12, 2003

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