Oil futures went slightly above $130/BBL early today apparently on Iran fears, and on US weather concerns in the Gulf of Mexico.
These, however, seem temporary concerns. and certainly not the kind of speculation driving spikes we’ve seen in recent
(RTTNews) – Oil production in Saudi Arabia will be raised, although officials in the oil-rich nation are expressing doubts as to its affects on the rising price of crude in the global market.
After an oil “summit” Sunday in Jeddah,
Continue reading about Saudis (again) Say They’ll Pump More Crude
Oil prices fell by almost $2 a barrel this evening after the US Federal Reserve said a weak dollar had fuelled inflation in the US. This suggested the Fed is not likely to cut interest rates further this year.
US
Continue reading about Oil Prices Continue to Fall… And Even Soros Says It’s a Bubble
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