Oil futures are dropping like a rock in the last 10 minutes. This only proves that the increase in price was highly speculative. Hopefully, oil will drop below $100 so as to boost the economy a little more. However, the economy will stabilize even though oil is at $100. But if it shoots up above $110, then it is a point of concern.
We should hope that oil ranges at $98 to $105 for the next few months, and perhaps end the year at $115.
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