Russia Presses Oil over $60

Is $60-a-barrel oil in our future? In our near future? Yep. It’s a sure thing.

And once the oil market has cracked that psychological barrier, you should expect it to run higher before taking another breather.

You can thank Vladimir Putin and those apparatchiks who run Russia’s economy for the run-up. They’ve just about guaranteed that Russia’s oil industry won’t get the foreign capital it needs to expand the number of barrels the country pumps annually.