Crude oil for June delivery jumped to a new record high, above $122 on Tuesday, May 6, 2008. The spike in price was spurred by supply disruptions in Nigeria and growing demand from India and China. It also didn’t help that a new prediction was made by Goldman Sachs forecasting prices to rise to $150 to $200 within two years. Are these prices justified in crude and other energy markets?
Source: http://www.lind-waldock.com/trading_advice/commentary050508.shtml
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