Our call a few days ago to go long the Crude Oil Sept/Oct Spread  in the 0.40’s to 0.50’s level has turned out to be correct. The Crude Oil Sept/Oct Spread is now trading in the .95 to 1.00 level yielding an almost 50% return on invested capital. The spot Light Sweet Crude Oil contract is reeling today trading at $107.40 a barrel up 226 basis points or 2.26%. Now may be a great time to liquidate the crude oil spread and take gains as the crude oil markets looks set to become more volatile over the coming period.

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