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A Tale of Three Charts

“Come listen to a story about a man named Jed A poor mountaineer, barely kept his family fed, Then one day he was shootin’ at some food, And up from the ground came a bubblin’ crude. Oil that is, black gold, Texas tea.” This tune is from one of the classics of all time . . . the Beverly Hillbillies. The one thing that remains true about this story is the fact that oil has always been and will always one of the most important commodities in the world. That will never change . . . however, it doesn’t mean this commodity won’t have its ups and downs. Below are three charts that illustrate the impact of oil on the market and the ups and downs. Chart 1: The price of Light Sweet Crude   The price of oil has fallen nearly 40% from it’s June 2014 high of $104 per
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Categories: Markets.
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