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Thread: Oil prices $5 from $100 per barrel

  1. #1
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    Default Oil prices $5 from $100 per barrel

    Oil prices reached near $95 per barrel today. Interesting what will happen in the near future. Someone has to pay for all this increase in prices.

  2. #2

    Default Re: Oil prices $5 from $100 per barrel

    Don't you think a more accurate title would have been, "Oil prices reach/exceed $95 per barrel"?

    Always so dramatic! lol

    Anyway, Im sure it will eventually get to $100, but for the time being, its actually at $94.53.

  3. #3
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    Default Re: Oil prices $5 from $100 per barrel

    Actually, its more than $96 now. It seems our wonderful investors switched their hobbies from subprime mortgages to oil prices.


    NEW YORK (AP) -- Oil futures soared late Wednesday to a new record above $96 a barrel after the government reported another unexpected drop in crude oil inventories and the Federal Reserve cut interest rates by a quarter point.

    http://www.nytimes.com/aponline/busi...=1&oref=slogin

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