AMEX:SCO   PROSHARES ULTRASHORT BLOOMBERG CRUDE OIL
Oil
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oil
As the Shale Boom, however temporary, continues to push crude supplies to record levels not seen since the early 1930’s – expect to see weakness which goes against the seasonal trend into the driving months. Barring any social unrest around Russia on the global stage, a pullback is expected as both a stronger dollar from Fed actions along with $5-$8 dollars per barrel is removed from decreasing tensions as emotions wane from sanctions.

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