Archive for the 'Oil Prices' Category

Oil rises jump almost $7, closing in on record

Friday, June 6th, 2008

suggesting it could raise interest rates. “We had a rally of something like $12 in about 24 hours. It makes no fundamental sense,” said Stephen Schork, an analyst and trader in Villanova, Pa. “With o…

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China’s Quake Lake Threatening to Burst; Key Oil Pipeline

Friday, June 6th, 2008

In addition to towns and survivor camps downstream, the lake also threatens a key oil pipeline just 37 miles away that belongs to the state-owned China …

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Mushroom Clouds and Friday Night Fights

Friday, June 6th, 2008

A staggering 8.5+ % upward move in oil (to a new record near 139) followed yesterday’s already historic gains in the commodity and it promptly translated into a 2% gain in gold, a 2.6% fall in the Dow, and a near .80% drop in the dollar

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