Artorius Castus

Oil surges over $88 a barrel

Posted in Uncategorized by Patrick Truax on October 16, 2007

NEW YORK (Reuters) – Oil thundered more than $2 to a new peak above $88 a barrel on Tuesday, extending a nine-dollar rally since last week on tight supplies, strong demand and growing tensions in northern Iraq.

Im really eating crow today, after my statement a year ago that the market couldnt sustain the high prices, namley 100.00 a barrel. Its now 12.00 dollars away..


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