The Price of Crude Oils Breaks $120
Posted on: May 5th, 2008 | By Contrarian Profits | Filed under Financial News
The price of crude oil today broke through $120 a barrel, setting a fresh record for the black goo. Today’s oil price was pushed up by fresh unrest in Nigeria and geopolitical tension in Iran.
According to a report on the AFP news wire: “New York’s main oil futures contract, light sweet crude for June delivery, briefly hit 120.20 dollars, before slipping back at 1520 GMT to 120 dollars, a gain of 3.68 dollars from the closing price on Friday.”
More on this topic
(What's this?)
California Has 4x the Oil that's in the Bakken
(Wealth Daily, 2/10/12)
Iran is Now a Full-Blown Crisis, Stage Set for $200 Oil
(Money Morning, 2/8/12)
The Five Factors Moving Oil Prices This Year
(Investment U, 1/10/12)
