Oil Hike

As oil have been trading over 100 $ from last few months s But as the price of oil soared as high as $127.82 intraday, the stock market was simply checking at what point it will go for a low.There were many concerns about at american market and due to price hike in oil the market have been change whole and no one have the view that when this hike can be over.

The latest words war between us and iran also help the prices to go up and the Oil futures closed up $2.17 to a record $126.29 a barrel, pushed in part by supply disruptions in China and in Nigeria too.

Pepole were saying that it's good time to invest but no ones knows what would happened next.