Thursday, March 3, 2011

Oil Breaks Above Pre-Lehman Levels

by Bespoke Investment Group

While the mood surrounding the equity market's rise above its pre-Lehman levels late last year was positive, unless you are long oil or energy related stocks, today's move in oil likely has you feeling a lot less encouraged.  As shown below, today the front month NYMEX crude oil contract closed above the level it closed at on 9/12/08 (101.18).


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