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FatalWishes
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Oil steady above $127; possible peak versus demand
| Quote From Source: | Oil prices steady as traders gauge market's outlook amid supply concerns
Crude oil futures traded steadily above $127 a barrel Tuesday as investors sought to gauge whether oil prices have peaked, even as many worry that supplies are barely meeting growing global demand.
By midday in Europe, Light, sweet crude for July delivery was down 17 cents at $127.59 a barrel in electronic trading on the New York Mercantile Exchange. On Monday, the contract rose 41 cents to settle at $127.76.
| | Click source url to view entire story. |
Source Yahoo Biz
Source URL:
http://biz.yahoo.com/ap/080603/oil_prices.html
Just imagine if we get a hurricane in the Gulf this year. Can you say $6.00 a gallon?
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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posted on 6/3/2008 at 07:16
