Like I said in the other thread risk v reward. Now is the time to invest in oil stocks and AED is prime at the moment.
From CNNMoney.
Oil reaches $112 for the first time A surprising drop in crude supply sends prices into record territory, and more gains may be on the way.
By Kenneth Musante, CNNMoney.com staff writer Last Updated: April 9, 2008: 2:25 PM EDT
NEW YORK (CNNMoney.com) -- Oil prices surged to record levels Wednesday, topping $112 a barrel, after a government report showed an unexpected decline in crude supplies.
Oil contracts for May delivery climbed $2.77 to $111.27 a barrel, after touching a record $112.21 in electronic trading. The previous intraday mark of $111.80 was set March 17.
Traders expected prices to continue climbing.
"If we close above $111.80, $115 is next," said Phil Flynn, senior market analyst of Alaron Trading in Chicago......
AED Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
