Resolution of Fiscal Cliff might Resume Crude's Rally

6 November 2012 6 November 2012

pbcoacher

Crude oil prices climbed higher for the second consecutive day but remained at the lowest level in 4 months. Correlation between crude oil prices and stock markets has been broken down since September. The case for a sustainable rise in crude oil prices would be that a solution, albeit temporary, has been found for dealing with the fiscal cliff problem.