The Price of Oil Rises on News of French Strike
May 5th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsThe price of oil surged 2% today on after French port workers announced they would strike.
Oil prices today hit an intraday high of $118.99 a barrel, the highest level since April 28, when the price of oil per barrel reached an intraday record of $119.93.
“A lot of smart people are beginning to believe this bull market in oil will die hard,” says Alexander Green over at InvestmentU.com.