Friday, October 19, 2007

Eighty-Nine Dollar Oil

Oil closed at a record high of $89.47 per barrel yesterday. Oil was above $90 last night in overseas trading, and briefly traded above $90 on the New York Mercantile Exchange this morning. Will prices remain high this winter? Maybe. Oil stocks are currently tight as we head into the heating season.

Copyright (C) 2007 James Michael Brennan, All Rights Reserved


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