Thu 03 January 2008; 2

Just a single $100 oil trade

18:36 Thu 03 January 2008; 2 | by Ryan | in uncategorized

A big deal is being made of the price of oil reaching $100 US a barrel as was re-reported in The Record today.

A few years ago, it seemed unimaginable that crude oil prices could ever reach $100 US a barrel.

But yesterday it did just that, briefly soaring to $100. It was good news for governments dependent on the tax revenue from oil production, and bad news for consumers who depend on gasoline.

THE $100 BARREL The Rec 3 Jan 2008

Then I read on Alan’s blog about the single trade that hit $100.

Apparently, as you pay more for gas due to the recent spike in oil prices, there is actually someone - some one person - to blame: [...]

The Wisdom Of The Marketplace 3 Jan 2008

So I followed the link to Auntie Beeb and read more.

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