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FatalWishes
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Iran rumor pushes oil to new record, gas jumps above $3.73
| Quote From Source: | Oil prices near $127 a barrel on rumor about Iranian output; gas prices above $3.73
NEW YORK (AP) -- Oil prices shot to a new record near $127 a barrel Tuesday on reports that Iran is planning to cut crude oil production.
Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away.
Light, sweet crude for June delivery rose as high as a record $126.71 a barrel in midday trading on the New York Mercantile Exchange before retreating slightly to trade up $2.24 at $126.47.
| | Click source url to view entire story. |
Source Yahoo Biz
Source URL:
http://biz.yahoo.com/ap/080513/oil_prices.html
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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Indy
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That is what we really need right now. Like a hole in the head. If they do cut production (perhaps they smell blood) then $150 oil is right around the corner.
But nothing like a rumor to fatten profits.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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posted on 5/13/2008 at 11:48
