Crude oil right now looks red hot. Brent crude has touched $80.

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by staff ()

Crude oil right now looks red hot. Brent crude has touched $80. Momentum is building, signaling a price upswing in the short term.

This is not some speculative buying, but prices are being driven by fundamentals. Demand induced bullishness is seen in crude where economic growth in the US will keep the show going. Factors such as nominal increase in crude oil production by OPEC will mean supply driven factors are not so bearish for crude oil prices.