By Houses and Holes -
The oil price jumped to an eighteen month high last night (please see above).
With the Aussie stuck in the low 90 cent range for now, that has pushed AUD oil to a new high as well around $117.60:
As you can see, local petrol prices are yet to punch above February prices but they’re going to, probably next week. The upside to come is around 10%.
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Is the Oil high about to come crashing down?
