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 | ContinuedOil “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 | ContinuedWith 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 | ContinuedOil 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-
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