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Wednesday, July 02, 2008

Crude Oil Price Up Again?

Is this a matter of market pundits selling US dollars to buy oil to hedge risks?

At last check, crude for July delivery traded as high as $139.12 a barrel in electronic trading on Globex Friday (US time), the highest intraday price for a front-month futures contract on record.

Contributing factors: Talks about a potential Israeli attack on Iran combined with a slide in the U.S. dollar.

And here's how Abdullah will handle the oil problems in the country, the so-called 4 Quick Fix..

BY THE WAY... TV Smith has a friend who points to MakeMoney.com that makes the rebates-by-engine-cc scheme so sweet.

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