Monday, February 11, 2008

Barrel of Oil for $101.00

Not really suprising news but crude oil is still rising. on thursday it hit a record over $101. The markets are weakening and it doesnt look any better in the future. Plus U.S. government data showed a sharp 4.2 million barrel build in crude stockpiles last week in the world's top consumer, nearly double analyst forecasts. Gasoline stocks swelled to 14-year highs and distillate inventories fell. Yup it sucks but what is new?

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