Oil Price Soars: Just below $117 on Asian/Pacific Hours
Sunday, April 20th, 2008Concern 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 [...]
Oil Price Flirts $114 Level
Tuesday, April 15th, 2008The current crude oil price is creating global concern. With price hitting unheralded levels of $113.93 dollars per barrel today where will this end? Are we looking at $130 or $140 per barrel by the year end?
Recent volatilty in the financial markets, significant weakness in the dollar and uncertainty about deliveries are adjudged to have created [...]
