Spanish Bonds drive Crude Oil prices up

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The Sale of Spanish Bonds, continues to have effects as world crude oil prices go up. While target estimates claimed Spain would gain 2.5 Billion euros from the auction, Spain trumped that raising 3.3 Billion. Brent North Sea Crude Oil is currently up .11 or 9% trading at 118.17 while WTI, which spent the day about $.02 up, is now actually down .14 or .14% at $102.53 per share. Nevertheless, we still see WTI and crude oil in general, trending up.

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