Oil prices going to the century mark

[Gilding the Lily]

So... 2008 delivered a first: $100 a barrel for oil.

"Oil prices kicked off the first trading day of 2008 by hitting a new high of $100 a barrel Wednesday on violence in oil-rich Nigeria, the prospect of more interest rate cuts, a halt in Mexican imports and the expectation of yet another drop in U.S. crude supplies."

Oil Article

 

[local 12 proud]

So... 2008 delivered a first: $100 a barrel for oil.

"Oil prices kicked off the first trading day of 2008 by hitting a new high of $100 a barrel Wednesday on violence in oil-rich Nigeria, the prospect of more interest rate cuts, a halt in Mexican imports and the expectation of yet another drop in U.S. crude supplies."

Oil Article

Yep, and with all the world wide demand it will most certainly continue trending upward!

But hey, Hillary said if she wins the white house oil prices will drop instantly.