Chart of the Day
Due in large part to ever increasing demand as well as geopolitical tensions, oil has rallied and now trades above $67 per barrel. While the geopolitical risks associated with the oil supply are difficult to predict, today's chart illustrates that the average monthly price of a barrel of West Texas Intermediate Crude has had a tendency to rise from July to October as more cars hit the road for the summer driving season. Increased risks on the supply side (i.e. supply disruptions) occurring in unison with increased demand make for a volatile mix indeed.
- Which way is oil headed and what does the current oil spike mean for the stock market? Find out with the exclusive charts of Chart of the Day Plus.
Source - Dow Jones
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Quote of the Day
"The oil can is mightier than the sword." - Everett McKinley Dirksen
Events of the Day
June 11, 2007 - US Open golf tournament begins (ends June 17th)
June 17, 2007 - Father's Day
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June 25, 2007 - Wimbledon tennis tournament begins (ends July 8th)
June 28, 2007 - US Women's Open golf tournament begins (ends July 1st)
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