All Posts Tagged With: "price of oil"

Keeping a pulse on $200 oil

As much as the Freddie and Fannie bailout might occupy our attention today, we can’t overlook the story that could easily bring about $200 oil.

Over the weekend, the Times of London had a breathless piece about how Team Bush has…

15Jul2008 | Desidooru Saloon | 0 comments | Continued

Oil “Bulls” its Way Above $139 on its Way to a New Record as the U.S. Dollar Resumes its Descent

Crude oil for July delivery traded at an all-time high of $139.12 a barrel on the New York Mercantile Exchange today (Friday), after the U.S. dollar nosedived on speculation that the European Central Bank would raise its key lending rate…

7Jun2008 | Money Morning | 0 comments | Continued

With Oil Nearing $130, Kicking the “Oil Addiction” Looks Like the Sole U.S. Hope

Oil prices set a new record just shy of the $130 a barrel level yesterday (Tuesday), despite a concerted - though probably futile - effort by the U.S. government to rein in the runaway commodity.

Crude oil for June delivery reached $129.331 per…

21May2008 | Money Morning | 0 comments | Continued

Oil Crosses $120 Threshold

Oil surged to a new record high yesterday (Monday), as it gained $4 to trade above $120 in morning trading on the New York Mercantile Exchange. A combination of factors was cited for the rise including trouble in Iran and…

6May2008 | Money Morning | 0 comments | Continued

Bear Stearns, Recession, Credit Crisis, Gold and Oil Prices, Galore…

16Mar2008 | Stephen Oakes | 0 comments | Continued