FACTBOX-Why oil prices are at a record high

By Pete Southern in Gold and Oil News | September 20, 2007 8:00 |

FACTBOX-Why oil prices are at a record high
U.S. crude oil was trading above $82 a barrel on Wednesday, after hitting an all-time high of $82.38 the previous day.Investment flows from pension and hedge funds into commodities including oil have resumed in recent months after a hiatus earlier
Source: c.moreover.com

AP: Oil Prices Rise to New Records
NEW YORK (AP) – Oil futures rose to new records Tuesday after the Federal Reserve cut interest rates by a larger than expected half percentage point, raising market hopes that economic growth will accelerate and lift demand even as crude oil and gasoline
Source: c.moreover.com

Pete Southern About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.



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