By Luke Burgess
Wednesday, June 10th, 2009
Crude oil for July delivery surged to $71.65 per barrel this morning as an unexpectedly large decline in U.S. oil inventories confirmed that supplies are beginning to tighten.
Light, sweet crude traded nearly $1 higher this morning on the New York Mercantile Exchange at set a year-to-date high. Oil prices have increased 70% since hitting a low of $42.19 in February.
America, An Energy
Super-Power?
New technologies have made getting to natural gas deposits in the U.S. much easier.
What does this mean for you?
Well, a lot of companies are set to see huge profits from the worldwide demand from this All-American fossil fuel.
But, this is so big that you can't just make one investment and hope it makes money.
You need a strategy to supercharge your portfolio.
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