Crude at highest in 30 months pushed by US recovery and political turbulence

Tuesday, April 5th 2011 - 09:18 UTC

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Oil climbed to the highest level in 30 months in New York on Monday on speculation that US economic growth may support demand and a protracted conflict in Libya will curtail supply. Read full article

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B.Free
If there is an issue with supply, show me the gas stations with “sold out” signs. This is speculation driven by the same people who profit by it. US should declare oil a “National Resource” and force the US oil producers to supply 100% of US demand at cost plus 10% and only after the US demand is satified would they be allowed to sell on the open market.
Apr 05th, 2011 - 07:42 pm - Link - Report abuse 0
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