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Oil to the moon at the pit close

By   || July 31, 2009 at 18:33 GMT
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Looks like locals were fading the oil rally this afternoon and paid up bigtime into the close. Oil ramped up to 69.75 in the last few minutes, shooting up over a dollar i one five minute span on heavy volume. It’s not just the forex market that got a little ugly today. $68.78 to 69.75 on one five-minute bar…ouch.

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