Energy OverView August 26, 2011

Volatility was the order of the day yesterday as rude oil tested both ends of a more than $3.00 range…twice! Optimism was pared as initial jobless claims rose +5K to 417K in the week ended August 20th. Later, exuberance returned as it was announced that Uncle Warren Buffet announced a $5B investment in BofA. Bourses were also weighed down by fears that German authorities were looking…

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