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Ethanol Shares High as Oil Tops $100/Barrel
By Mr Ethanol | January 24, 2008
Biodiesel and Ethanol Investing:
Reuters.com reports that shares of ethanol companies are up in the wake of oil reaching over $100/barrel. US crude supplies are down for the seventh week with global demand for the fuel continuing to rise. Even though ethanol has been burdened with many problems over the last few months, the high price of oil and new mandates for ethanol production are keeping shares high.
Topics: Ethanol, Investing, Market, News, Oil, Prices |
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