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Oil Hits $97 on Bombs, Demand Prediction

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posted on Nov, 6 2007 @ 10:52 AM
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Oil Hits $97 on Bombs, Demand Prediction


www.nworeport.com

NEW YORK (AP) -- Oil futures jumped to a new record of $97 a barrel Tuesday after bombings in Afghanistan and an attack on a Yemeni oil pipeline compounded the supply concerns that have driven crude prices higher in recent weeks.

Those concerns were further fed by a government prediction on Tuesday that domestic oil inventories will fall further this year while consumption rises.
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posted on Nov, 6 2007 @ 10:52 AM
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They are going to break Americans with these high prices!!!

www.nworeport.com
(visit the link for the full news article)



 
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