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August 21st, 2008

Oil Prices Headed in the Wrong Direction

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Oil prices escalated more than five dollars today to over $121 a barrel, as news of continued Russian tensions with Georgia, the possibility that Tropical Storm Fay may reenter the Gulf of Mexico, and a weak dollar compiled the bullish factors that led to the unwanted increase.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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