Oil Price Soars

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Oil Prices See Rally Again!

Monday, June 23rd, 2008

Once again, oil prices, energy bills and global food shortages are hitting the limelights of our daily news and various airwaves. With household outgoing bills on its ascendency by the moments, many are asking the question, ‘when will this would end?’
In 2008, we have seen crude oil prices accentuating its position towards the $140 ~ [...]

Oil Prices Pause Within Sight of 120 Dollars

Thursday, April 24th, 2008

This was an interesting article I found researching for my Thursday trades today on Yahoo News. Futures speculators have been having a field-day amid housing market troubles.
SINGAPORE (AFP) - World oil prices paused within sight of the 120-dollar level on Thursday after a mixed report on US energy stockpiles, dealers said.
In Asian afternoon trading, New [...]

Oil Price Soars: Just below $117 on Asian/Pacific Hours

Sunday, April 20th, 2008

Concern in earlier reports from Australia highlighted the precarious situation of oil price rise almost on a daily basis. Where will this end in the face of global risisng food  cost. Where do we go from here?
According to the report, “Oil held below $117 a barrel on Monday, supported by worries of supply disruptions in Nigeria and [...]

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