You thought I was kidding

when I predicted that oil prices would rise today after OPEC announced production increases.
Oil prices jump to new high above $56 mark

Oil prices jumped to a new record above $56 a barrel on Wednesday

Today, “The U.S. Senate on Wednesday voted to keep, in a broad federal budget legislation, the language that would open Alaska’s Arctic National Wildlife Refuge (ANWR) to oil drilling,” so we should probably expect $80/barrel oil by the end of the month.

1:30 PM Thursday: After OPEC raised production limits on Tuesday and the Senate voted to approve drilling in ANWR on Wednesday, prices are, drumroll please, UP on Thursday.

More on oil on my site Financial Options including The Secret Way to Play Oil.

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