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Thanks Oilbama! Oil prices approach May 2011 highs

bp-obama-logoMmm mmm mmm. Barack Hussein OILbama. See, Obama’s policies really do work! Look how oil prices are shooting up? It’s getting higher faster than any occutard these days! According to Fox Business, crude for April delivery settled at $109.77 a barrel as of market closing on Friday. That’s nearly a $2 gain for the day, and nearly a 2% increase for the month. Ole Oilbama’s system worked!

In seven straight days, front month crude futures surged $9.03, or 8.96 percent, their biggest seven-day increase since Oct. 31, when they gained 9.25 percent. For the week, front-month crude rose 6.33 percent, the best weekly percentage gain since the week to Dec. 23, when prices rose 6.58 percent.