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Oil Futures Back Above $100

I think we all knew the drop in crude oil prices was too good to be true. It’s over already! Crude closed above $100/ barrel again.

DOE said inventories remained flat (Many thought they would climb)

Some suggest consumers are resisting. $4 gas is making them cut back on time on the road.

“Consumers are still under pressure to economize, to conserve fuel, because the stuff’s become expensive,” said Tim Evans, energy analyst at Citi Futures Perspective in New York.

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