Crude Roller Coaster

The Weekly Market Update is posted at Alpha Baskets and includes the following;

As wild as the ride was for West Texas Intermediate Crude in the last week of January, it went on an even wilder ride this past week rallying more than 11% on the week despite an approximate 8% decline on Wednesday. Bearish arguments seem to focus on supply while bullish arguments center on lack of viability if prices go too low (companies would go out of business and the price would rocket higher). While we will leave the predictions to other people we do believe the increased volatility is important to follow closely.

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