AndyMarquisLIVE
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BREAKING NEWS: Crude oil futures surge to record $100 a barrel
- MSNBC.com frontpage, no article link yet.
- MSNBC.com frontpage, no article link yet.
BULLETIN: Oil futures hit $100/barrell
- Thread starter AndyMarquisLIVE
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AndyMarquisLIVE
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Crude oil price hits record $100 mark
NEW YORK - Oil prices soared to $100 a barrel Wednesday for the first time ever, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies.
Surging economies in China and India fed by oil and gasoline have sent prices soaring over the past year, while tensions in oil producing nations like Nigeria and Iran have increasingly made investors nervous and invited speculators to drive prices even higher.
Violence in Nigeria helped give crude the final push over $100. Bands of armed men invaded Port Harcourt, the center of Nigeria’s oil industry Tuesday, attacking two police stations and raiding the lobby of a major hotel. Word that several Mexican oil export ports were closed due to rough weather added to the gains, as did a report that OPEC may not be able to meet its share of global oil demand by 2024.
Crude oil price hits record $100 mark - Oil & energy - MSNBC.com
NEW YORK - Oil prices soared to $100 a barrel Wednesday for the first time ever, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies.
Surging economies in China and India fed by oil and gasoline have sent prices soaring over the past year, while tensions in oil producing nations like Nigeria and Iran have increasingly made investors nervous and invited speculators to drive prices even higher.
Violence in Nigeria helped give crude the final push over $100. Bands of armed men invaded Port Harcourt, the center of Nigeria’s oil industry Tuesday, attacking two police stations and raiding the lobby of a major hotel. Word that several Mexican oil export ports were closed due to rough weather added to the gains, as did a report that OPEC may not be able to meet its share of global oil demand by 2024.
Crude oil price hits record $100 mark - Oil & energy - MSNBC.com
R
RadioPatrol
Guest
we need to remove Oil from the "Futures" market, or this crap will never end ...........
on a side note I saw on the history channel - fast food tech, apparently McDonald's is now converting all that FF Oil to Bio Diesel to run there delivery trucks on .........
on a side note I saw on the history channel - fast food tech, apparently McDonald's is now converting all that FF Oil to Bio Diesel to run there delivery trucks on .........
cwo_ghwebb
No Use for Donk Twits
we need to remove Oil from the "Futures" market, or this crap will never end ...........
on a side note I saw on the history channel - fast food tech, apparently McDonald's is now converting all that FF Oil to Bio Diesel to run there delivery trucks on .........
Maybe we need to drill for oil off the Florida coast like Cuba does. Or drill in Anwar. Or build more petroleum refineries.