Oil jumps to highest since 2008 crisis, $100 eyed

posted by
December 23, 2010
Posted in News

"Oil surged above $91 a barrel to its highest price in more than two years on Thursday, as OPEC member Libya's apparent lack of concern over prices prompted some analysts to call for a new year's run at $100. With crude reaching back-to-back 26-month highs, ultra-cold weather stoking demand and depleting U.S. stockpiles at the fastest pace in 12 years, traders are now looking for the Organization of the Petroleum Exporting Countries to signal when it might begin pumping more crude." (12/23/10)


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