Oil jumps to $77 Per Barrel Fueled By Stock Rally

Filed under: Major Movement, Industry, Market Matters, Economic Data, Oil

The stock market is on a tear, fueled higher by better than expected corporate earnings. So says Phil Flynn of PFG Best Research who stated: "There is no doubt that the stock market led the oil market higher."



It stands to reason. When the economy does better, there is more demand for oil. The August contract was up $2.20 to $77.15, up form $74.25. London Brent crude was up $2.28 to $76.85

Continue reading Oil jumps to $77 Per Barrel Fueled By Stock Rally

Oil jumps to $77 Per Barrel Fueled By Stock Rally originally appeared on BloggingStocks on Tue, 13 Jul 2010 18:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments
















Brent Crude - Stock market - Business - Investing - Stocks and Bonds

Full story at http://www.pheedcontent.com/click.phdo?i=26ddef0855157005c313edceaa029836