Author Topic: OIL AT $146 a BARREL!  (Read 473 times)

Bindare_Dundat

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OIL AT $146 a BARREL!
« on: July 03, 2008, 06:27:13 PM »
The price of oil has continued to climb with US light, sweet crude reaching a record closing price and London Brent rising above $146 a barrel.

Oil prices have risen significantly since the US government announced on Wednesday that its crude stockpiles had fallen by more than expected last week.

Brent peaked at $146.69 before falling back $146.08, while US crude added $1.72 to $145.29, having hit $145.85.

Motoring organisation the AA called the rate of increases "eye watering".