It had been well over .61 before that when as many are quick to point out oil was a lot lower than 147...looking at the chart it has been up to .80's before, so while .61 is a good bump up it isn't a new high or anything...
at 147 you'd expect more...
And in the long run I think il will be a whole lot more than 100 when measured in frns...
Then again in a few more years we may not be measuring in frns...
But whatever the measure I think going forward a few years oil should be higher than it is now...but it 50's come first...
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