Thursday, January 3, 2008

Oil at $100 per Barrel

We have a landmark trade on the price of oil as we start the new year as black gold reached $100 dollars a barrel for the first time in history.

Oil price at record $100 a barrel

'Violence in Nigeria, Algeria and Pakistan, the weak US dollar and the threat of cold weather have all raised prices after the new year break.

Light sweet crude rose $4.02 to $100 a barrel in New York, prompting a drop in shares and a surge in gold prices.'

Amazing when we have alternative energy available to us.

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