Interesting comments from Sean Hyman, editor of the Ultimate Wealth Report, who told CNBC Asia’s “Squawk Box” this morning that global demand is going to drive Crude Oil (WTIC) through critical resistance around $110 a barrel. “Oil has been consolidating for several years in a sideways pattern and I believe that global demand is picking up and that’s going to shoot it through the top of that range,” he stated. “Once it finally does, we will see it hit $140 faster than a lot of people’s heads can spin.”
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