Thursday, July 08, 2004

It's an ill wind ... 

Coincidence? You be the judge:

Crude oil prices in New York surged above $40 a barrel Thursday for the first time in more than a month after the U.S. Department of Homeland Security signaled terrorists were scheming to disrupt U.S. elections.

The rally reinforced the market's pattern of buying whenever terrorism worries surface, despite government data showing across-the-board builds in petroleum inventories last week.
(via AP)

It would be interesting to know who bought oil stocks right before the warning, eh?

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