News, analysis and personal reflections on the markets & the financial sector

Friday, May 1, 2009

Energy

Crude oil futures prices jumped above $53 a barrel at midmorning Friday and were closing in a one-month high amid fresh cash inflows, traders said. Prices set higher highs and higher lows for the third straight day, laying the foundation for what is largely a technical breakout amid scant fundamental news. 

No comments: