The Nymex crude oil futures market this week has surged to a 3.5-year high above $73.00 a barrel. News that the U.S. will impose a “zero tolerance” policy on countries thinking about importing sanctioned Iranian oil helped to spike prices this week. And then a surprisingly large drop in U.S. crude oil inventories reported this week added bullish fuel to the fire. Now, there is talk of not enough oil in the world marketplace–even after OPEC said it is raising its overall production level. The next upside target for the empowered crude oil bulls is major psychological resistance at $75.00 a barrel. Stay tuned!