Friday, Jul 14, 2006

The Oil Price

BBC News: Israel crisis sends oil above $78

Growing international tension over Israel's offensive in Lebanon has sent world markets tumbling after oil prices rose above $78 a barrel.

Japanese shares fell heavily on concerns over oil prices, while in the US the Dow Jones index saw treble-digit losses for the second day in a row.

In Asian trading, oil prices rose $1.40 to $78.10 a barrel, having closed at a record high of $76.70 in New York.

Posted by jason @ 07:50 AM (2900 views)
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3 Comments

1. Markd said...

Its going to be a very interesting day on the oil markets, think I will be topping up the tank tonight....1 a litre at least guaranteed within the next 2 weeks as this feeds through...and I doubt if it will stop there.

Friday, July 14, 2006 08:43AM Report Comment
 

2. paul said...

David Smith will be crying into his warm ale, because he stupidly predicted oil dropping to $40 a barrel some time agao.

Friday, July 14, 2006 06:00PM Report Comment
 

3. talking rot said...

Paul

Is that the David Smith who writes for The Times?

Friday, July 14, 2006 10:34PM Report Comment
 

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