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May 6, 2008

News Break: Another Record Day for Oil

By Thomas Schueneman

Once again oil prices broke new records on Tuesday. Futures contracts for light sweet crude surged on intra-day trading to a high of $122.73 settling to a close of $121.84 per barrel – up another $1.87.

Oil has risen more than $20 since thus far for the year.

Attacks on oil facilities in Nigeria, Africa’s largest oil producer, continue with more attacks by militant over the weekend.

Source:
AFP

Tags: price+of+oil, nigeria+oil

Filed under Energy Non-Renewable, Peak Oil by Thomas Schueneman

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Comments on News Break: Another Record Day for Oil »

May 7, 2008

Nancy Mehegan @ 11:21 am

These oil companies are killing us. Is it just greed?? I suspect so. I am listing this site on our blog http://www.Vaboomer.com, a blog for Baby Boomers Survival. Thanks for great site. Nancy Mehegan

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