Oil price reaches record high

04 March 2008

Oil price continue to climb spooking most markets.

Oil price reach another record high, floating close to $104/brl. The hopes that Opec might increase production have been dashed by its Chairman who stated that there was no need. America clearly would love for oil to fall dramatically this would help the economy. But in reality until the US looks for serious alternatives the prospect of oil demand falling looks slim.


Electricity  Oil  War and Terrorism  Bull Market  Forward Curve 

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