Oil hits all-time record of $109.83 »
Posted by: Xaos 5 months, 4 weeks agoOil prices rebounded to another record high Wednesday after initially plummeting when a government report said supplies of crude and gasoline had risen much more than expected.
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Xaos5 months, 4 weeks ago
Rising prices in spite of supply and demand. Typically, an increase in supply and low demand would result in much lower crude prices. But crude and gas prices continue to rise.
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Xaos5 months, 4 weeks ago
"This is all driven by speculation," said Schork, who believes that investors have poured money into the commodity to make some interest in a slumping economy. "That's why we've seen a jump from 20,000 to 90,000 contracts this month."
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Xaos
Guess by now a few people are wondering who the heck I am. Lets see, raised in the country, a Christian, and an engineer and ...
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