Credit: Shutterstock photoOil prices had the shackles removed and spiked higher after the Republicans caved and agree to a bill that will raise taxes on families that earn over $450,000 but does nothing to reduce real spending. Of course for oil bulls any deal is better than no deal. The fact that the rest of the Bush tax cuts are still in place gives us hope that while the tax increases will hurt growth, it not as bad as it could have been.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
