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The price of crude oil is renewing an upward march.
I've said it before, and I'll say it again. It's quite the breath of fresh air after the collapse we experienced at the end of last year.
As of trading close yesterday (2:30 PM for oil in New York), West Texas Intermediate (WTI), the benchmark crude rate written in New York, was up another 1.6% for the day, 5.3% for the week, and 10.6% for the month.
Year to date (YTD), WTI is up a hefty 37.8%.
Meanwhile, Brent, the more widely used global benchmark set daily in London, is better by .5%, 2,4%, and 5.4%, respectively, with a YTD gain of 28.9%.