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Author: kcirtip Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 66  
Subject: Investors will dive into oil for 2005 Date: 12/30/2004 4:28 PM
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NEW YORK Dec 30 (Reuters) - U.S. equity investors who recently ignored the ups and downs in oil prices may need to make a New Year's resolution to get crude back in their sights.

Uncertainties due to terrorism, the weaker dollar, global economic growth, and Chinese demand likely will keep oil at current levels slightly above $40 a barrel or push it higher, analysts and traders said. So there is little chance of oil easing investor concerns by sagging back to the 2003 average of $31 a barrel, according to Wachovia Securities.

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh06243_2004-12-30_20-59-10_n30172936_newsml
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