Monday, April 21, 2008

New High On Crude Oil


Crude Oil is at $117.50 as I type this post.

Crude is up 13 out of the last 14 days.

It looked like Crude Oil was going to close in the red today, but it rallied over $1.00 in the last 45 minutes from shorts covering their positions into the close, putting Crude at a new record high.

Meanwhile, the Airline sector is nearing new 52 week lows.

Crude Oil rallies into the close-
Long Term Chart of USO --(the Oil ETF)-
Delta Airlines is a few cents away from new 52week lows vs USO (green) and XLE (orange).

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