Oil Rallies –

Crude oil continued to rally and reached a 30 month high at nearly $113 dollars a barrel.  Crude rose with other commodities like gold and tin which also reached trading highs on Friday.  Investors shifted holdings to commodities as speculation grew that the Federal Reserve would raise rates at a slower pace than other central banks.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-04-08/asia-stocks-gain-yen-weakens-as-oil-trades-above-110-a-barrel-won-rises.html

James Sutliff

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