Crude Oil Is Spiking
Jan 7, 2015, 20:38 IST
Crude oil is going bananas.
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On Wednesday, crude prices were up more than 2.5% with West Texas Intermediate crude up above $49 after touching $47 a barrel overnight.
On Twitter, Eddy Elfenbein noted that crude has been down for 22 or the last 29 days.
So, still a month-long disaster for the commodity.
Stocks and oil both fell again on Tuesday in what has been a tough start to the year, but on Wednesday, stocks were on pace for their first gains of the year and crude was taking back some losses.
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