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With action on the stock market front slowing down next week, oil's intrepid rise continues to grab investors' attention.
Crude climbed to around $126 a barrel on Friday, as the fundamental tight supply/strong demand picture remained intact and investors continued to pour into the space.
Buying is coming from both the commercial and investment sides of the market, says Darin Newsom, senior commodities analyst at DTN. "The investment money continues to flow into crude oil on the idea that it is going to go up." ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
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