jimntx
Veteran
The price collapse predicted by the "experts" on this website needs to happen soon. All this irrational exuberance has me on the way to the pore house. It cost over $30 to fill up my Subaru!
Crude climbs on drop in gas inventories, fears that tropical storm may hamper production.
NEW YORK (CNN/Money) - Oil prices surged to record highs Wednesday after an unexpected drop in gasoline stocks added to worries that a gathering Caribbean storm could knock out crude supplies to the United States.
Light, sweet crude for October delivery settled at $67.32 a barrel, up $1.61, after spiking as high as $67.40. Just before the Energy Information Administration released its inventory report, the contract was up 49 cents at $66.26.
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Crude climbs on drop in gas inventories, fears that tropical storm may hamper production.
NEW YORK (CNN/Money) - Oil prices surged to record highs Wednesday after an unexpected drop in gasoline stocks added to worries that a gathering Caribbean storm could knock out crude supplies to the United States.
Light, sweet crude for October delivery settled at $67.32 a barrel, up $1.61, after spiking as high as $67.40. Just before the Energy Information Administration released its inventory report, the contract was up 49 cents at $66.26.
Source article