Saturday, May 30, 2009

Crude Oil's Rally: Is It a Blessing or Curse?

Oil had its biggest monthly gain in ten years (+30% in May), but is the surge a blessing or a curse? Mark Waggoner, of Excel Futures, and CNBC contributor Ron Insana share their insight. Oil drives the U.S. Dollar and bond yields - keep watching the spot price of crude: it could take the legs out of the economic recovery.

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