NEW YORK (AP) -- Oil prices soared over $4 a barrel Wednesday, halting a dramatic two-week slide after a surprise drop in U.S. gasoline supplies fed speculation that record fuel prices aren't keeping Americans off the roads.
Also boosting prices Wednesday was a report by Goldman Sachs, which affirmed its earlier forecast that crude will hit $149 a barrel by the end of the year.
You never see the statistics on what effects refining cut backs have on gasoline supplies do ya? Of course not.
I predict prices for a bucket of shizzit will double by the end of summer......give me a break! This is manipulation of the market through the media and should be illegal. Goldman Sachs and other "investment" firms can buy up oil contracts, spew their garbage to the media, and sit back and reap the profits from their "predictions".
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