The Energy Report for Wednesday, August 19, 2009

By Phil Flynn
19 August 2009 @ 10:44 am EDT

 It is one thing to be optimistic about an economic recovery and another thing to be giddy about it. Oil and petroleum prices surged on what most people say is a reaction to a rebounding stock market and a sudden case of economic enthusiasm. Of course there is a possibility that the majority of the market participants where drinking or perhaps taking happy pills or maybe some players expected the bullish energy news that we got after the close.

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