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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on June 27, 2008, 07:27:53 AM

Title: Oil price hits record above $142
Post by: Bindare_Dundat on June 27, 2008, 07:27:53 AM

The price of crude oil has surged to a record, breaking through $142 a barrel, amid concerns about the ability of producer nations to meet demand.

In London, Brent crude jumped to $142.13 a barrel, while New York light crude climbed as high as $142.26.

Producers' group Opec has been under pressure to boost production, though recent reports have shown its members are split over whether to lift output.

Libya has threatened to cut production because the market is well supplied.

Title: Re: Oil price hits record above $142
Post by: Cap on June 27, 2008, 07:32:24 AM

Another big thanks to the speculators who are fucking us again.