Chart of the Day The price of crude oil is rising once again. Today’s chart provides some perspective to the latest price spike with a long-term view of West Texas Intermediate Crude. One point of interest is that oil is trading near 25-year highs but still well below the inflation-adjusted highs of 1980. It is also interesting to note that most oil price spikes were a result of Middle East crises and often preceded or coincided with a US recession.
Notes: - What does the current rise in oil prices mean for the stock market, the economy, and your investments? Find out with the exclusive charts of Chart of the Day Plus.
Source - Dow Jones
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Quote of the Day "The Stone Age didn't end because they ran out of stones; the Oil Age won't end because we run out of oil." - Don Huberts
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