Sunday, Jan 20, 2008

Found a link to this story in the blog archives, WOW! how times are changing!

BBC News Friday, 20 August, 2004: Oil stays below $50 a barrel mark

Fresh violence in Iraq triggered yet another oil price surge on Friday, before dealers starting taking profits.
New York light crude rose as high as $49.40 after reports of a new attack on an Iraqi oil pipeline, but then slipped back to close at $47.86.
However, with the situation in Iraq still uncertain, oil prices could still surge through past $50, dealers said.
Despite slipping back, oil is still trading near its highest level in the 21-year history of crude oil futures on the New York Mercantile Exchange(Nymex).

Posted by novice pete @ 11:07 PM (205 views) Add Comment

1 Comment

1. lvmreader said...

@Novice Pete - Great Find, thanks. I will repost

Monday, January 21, 2008 02:12PM Report Comment
 

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