The USO(U.S.oil ETF) climbed higher again this week recapturing the important 40.00 level. The USO is at weekly resistance, however, it cannot be ruled out that the USO may trade into the 43.00 level if it clears 42.00 high made in October 2009. It is also important to remember that oil is very sensitive to adverse weather, geopolitical events, and the U.S. Dollar.
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