Oil topped $100 a barrel for the 2nd day in a row. Lets see what this means
In the end we are all spending more money and getting less whether its gallons at the pump or groceries.
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Oil topped $100 a barrel for the 2nd day in a row. Lets see what this means In the end we are all spending more money and getting less whether its gallons at the pump or groceries. That doesn’t mean oil will plummet — unless there’s a severe recession, said Evans, who expects prices to hover near $70 a barrel. These concerns have prompted banks and hedge funds to make big bets on oil — investments that put further upward pressure on prices. Some members are producing above their quotas, either to [...] Oil prices rose Friday on forecasts that oil demand will grow faster next year than previously expected, with new buyers in the market. The forecast assumed continuing robust oil demand growth in non-OECD countries, where subsidies protect people from the impact of high oil prices, and normal winter weather. On Friday, light sweet crude oil [...] The requested URL was not found on this server. If you entered the URL manually please check your spelling and try again. If you think this is a server error, please contact the webmaster . read more December 5, 2007 If you haven’t locked your oil price – do it now. Wednesday September 12, 4:29 PM EDT Oil Prices Rise |
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