There was a run up in crude oil prices in the late nineties and the inflated prices did not hold. The same will happen here. Do you really expect oil prices to sustain? I do not. This is clearly a temporary spike in prices.
With credibility hits in Iraq perhaps impacting the Presidential election
I doubt that effects the market in any way.
how you know that that is what has moved things around.
If you think I'm wrong, feel free to suggest something else.
I still fail to see the point you were trying to make besides the fact that you don't believe the media when they conclude the market is weakening because of interest rates.
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