Oil Up Again
Previously a $5 move would be front page news. Now it’s just to be expected:
Crude oil for July delivery rose $5.07, or 3.9 percent, to settle at $136.38 a barrel at 2:48 p.m. on the New York Mercantile Exchange. Oil reached a record $139.12 a barrel on June 6. Futures have doubled in 12 months as investors looking to hedge against the dollar’s drop helped push oil, gold and corn to records this year.
Share this article: del.icio.us | Digg it | Netscape | reddit | Yahoo MyWeb |
Posted: June 11th, 2008 under Americas, oil.
Comments: none
Write a comment