View Single Post
  #6 (permalink)  
Old 06-06-2008, 12:58 PM
mlurp's Avatar
mlurp mlurp is offline
Congressman
 
Join Date: Nov 2007
Userid: 76
Location: USA
Posts: 3,475
Rep Power: 4
mlurp is on a distinguished road
Default

Yea OE and todays upward price rise is helping, I should have topped off yesterday while it was down to $3.79.

Oil rises jump almost $7, closing in on record By ADAM SCHRECK, AP Business Writer
17 minutes ago

Oil rises almost $7, closing in on record - Yahoo! News

NEW YORK - Oil prices shot up nearly $7 a barrel Friday, extending big gains from the previous day and racing toward an all-time high after a Morgan Stanley analyst predicted prices could hit $150 by the Fourth of July.

ADVERTISEMENT

A further weakening of the dollar helped keep prices high by enticing overseas buyers armed with stronger currencies and other investors looking for a hedge against the greenback.

Light, sweet crude for July delivery jumped as much as $6.96 to $134.75 on the New York Mercantile Exchange, before easing slightly to $134.40, up $6.61.
__________________
Yea can't keep the words of your great leader.

Prophet Muhammad - “Do you love your creator? Love your fellow-beings first.”
Reply With Quote