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Written by Value Seeker
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Thursday, 17 July 2008 |
Dow is up 200 points as oil continues to fall. The major indices close out of bear market territory.
The markets once again had a powerful rally. The influx of buyers was largely spurred by continued falling commodity prices. Oil closed below $130 a barrel. Last Friday, it was at $146 a barrel.
Disclaimer: Author is short USO |
