Trades and observations from a British contrarian stock investor

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Thursday, February 24, 2011

Brent crude oil hits $119

Brent crude oil for April delivery went up as high as 6% this morning, $17 in the last week. Worries about Libya and possible contagion to other oil producing states were behind the rise. No one wants to be left short if things kick off in the Middle East, triggering panic buying. Its incredible to think that oil dropped to close to $20 during 2009.

Posted by Contrarian Investor UK at 8:54 AM
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