Crude Oil is making new highs here on the NYMEX for 2010 and this should not go unnoticed with the WTI spreads rallying along with the flatprice. The spreads rally, especially in the back with Jun/Dec to -170 and Dec/Red to -160 has had a positive affect on the upside for the oil markets. Right now $83.60 does not look far out of the reach here and if these spreads keep rallying flat price will keep climbing.
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