As a direct consequence, the price for a barrel of the black goo has reached a level last seen before the panic spike in 2008.
Immersion had been dead money for most of the last decade, excluding a sharp spike leading into the broad market top in 2007.
The daily OBV (not shown) shows a positive volume spike last week so the OBV is still above its recent lows.
Back in 1988, when the last drought caused a price spike, silos held 4.8 billion bushels, or six years' worth.
Attention to the gun-control debate came as Chicago experienced a spike in homicides last year and was reignited in the wake of the school shooting in Connecticut.
The working group was first set up last year when we saw a spike in oil prices and prices at the pump for Americans.
Also technically, the unusual spike-up of the last five days has the major indexes already short-term overbought above their 21-day moving averages, the opposite of their short-term oversold condition two weeks ago.
Husky doubled its earnings last year as a result of the oil price spike.
On a shoe he made last year, a spike juts from the top of the foot like a rhinoceros horn.
That is until the last few days, when the turmoil in Egypt spread to oil-producing countries and caused a sharp spike-up in oil prices.
We went through another spike in gas prices, just like last year, and the year before that.
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Sandy caused the price of gasoline futures to climb 10 cents to 15 cents a gallon, and a similar increase could unfold at the pump, Mr. Daco said, adding that any price spike would last just days.
The Labor Department is reporting a spike in weekly jobless claims, up 28, 000 last week to a seasonally adjusted 385, 000.
In France, the contentious debate over the same-sex marriage bill has coincided with a spike in reported incidents of homophobic abuse, the gay rights group SOS Homophobie told BFM-TV last week.
So while a spike in sales so far this year is certainly a good thing the increase is compared to a period last year that saw severe losses.
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