WINDERMERE, Fla. ( Stockpickr) -- Here we go again. Crude oil is closing in on $100 a barrel, and it's happening faster than I think most traders want to believe.Recently, crude oil traded through the $90 level, which marked a 26-month high. The bulls in the crude market are saying that oil is experiencing a "demand shock" due to consumption growth, which this year is almost at its highest rate in 30 years. The bulls will tell you that demand is being driven by a recovery in global economies from the depression-like levels we've seen in the last few years. Many analysts will also tell you that crude oil demand is being spurred by emerging market expansion in China, India, Brazil and the Middle East.
7 Stocks to Benefit Off Higher Oil Prices
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