Tuesday, November 22, 2005


That's the sound of oil prices bouncing back from their off-season lows:

Crude futures saw a second day of gains after sliding to five-month lows last week, though prices are still about 20 percent above year-ago levels. A barrel of light, sweet crude for January delivery added $1.05 to $58.75 on the New York Mercantile Exchange.
With the end of summer driving and the mercifully-delayed cold weather, we've been cushioned in a period of low demand. That's about to change, and fast.

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