Tuesday, Jun 05, 2007
More bad news for Oil Prices
Bloomberg: Oil trades a near two week high
Tropical Cyclone Gonu is heading northwest at 15 kilometers per hour on a path U.S. Navy forecasters expect will take it across the Gulf of Oman, an important shipping lane for oil supplies from the Gulf. Brent crude oil climbed as high as $70.63 a barrel yesterday on the risk to tankers operating in the Gulf and the threat of further strikes in Nigeria, Africa's biggest producer.
Posted by afrobaggie @ 06:48 PM (121 views) Add Comment
1 Comment
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1. Pr said...
For the best coverage of the cyclone, see www.theoildrum.com These guys are following every last second of the event, making predictions of oil disruption, discussing oil infrastructure vulnerability, etc. you won't get any better coverage anywhere else, even if it is a bit geeky (in a nice way!).