Oil prices surge upward again!
June 6, 2008 by Frank Girard · Leave a Comment
Again (will it ever end?) this week we see another rise in oil prices. Some say it was because of Israel’s position with Iran (see related story below) And also below here’s how others reported on the price increase:
Israel Threatens Iran, and Oil Prices Skyrocket
“Oil prices had their biggest gains ever on Friday, jumping nearly $11 to a new record above $138 a barrel, after a senior Israeli politician raised the specter of an attack on Iran and the dollar fell sharply against the euro” (Jad …
Oil price soars to new high amid expectations of `short term spike …
NEW YORK _ Oil prices surged up by more than $9 to new record high above US $136 a barrel after a Morgan Stanley analyst predicted prices could hit $150 by the Fourth of July.A falling US dollar and growing tensions in the Middle East …
The spike in oil prices coincided with a dollar slump, plummeting share prices on Wall Street and US unemployment suffering its biggest rise in 20 years. It also comes as energy officials from the world’s biggest consuming nations meet …
Oil prices jump and dollar tumbles
Crude topped $139 a barrel at its high today after a Morgan Stanley analyst said he expects it to hit $150 by July 4. Meanwhile, the dollar fell on news the EU central bank might hike interest rates. All that got speculators going. …
