3/07/2008

What can I say?

Front-month crude oil futures on the New York Mercantile Exchange (Nymex) traded in 2003 at an average $31 per barrel, $4.85 above the previous year, and the highest average price in 20 years -- reflecting a year of geopolitical tensions especially in the Mideast, supply disruptions from producers such as Venezuela, Nigeria and Iraq, increased speculation and lean crude oil stocks in the US.

 

Right now Nymex is listing oil at $105.28

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