I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Friday 24 December 2010

Oil hits new 26-month peak

LONDON : Oil prices hit another 26-month peak on Friday, lifted by freezing weather and upbeat US data, before pulling lower on profit-taking before the Christmas and New Year break.


At about 0430 GMT, London Brent North Sea crude for February delivery soared to 94.74 US dollars per barrel - the highest point since October 2008.

The contract later stood at 93.86 US dollars, down 39 cents from Thursday's closing level.

New York's main contract, light sweet crude for delivery in February, had rallied 1.03 US dollars to 91.51 US dollars on Thursday, when it struck a similar 2008 peak at 91.63 US dollars. The New York Mercantile Exchange was closed on Friday.
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Createwealth8888:

Historically, Crude oil is the leading indicator of the direction of stocks so what it means that stocks may still have legs to run.
Posted by Createwealth8888 at 22:15
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