Sunday, May 11, 2008

Oil Price Hits USD126
















Oil leaped into uncharted territory Friday, soaring past the $126-a-barrel mark for the first time, and leaving analysts and investors wondering how high the price will go.

Oil holds above $123 (05.08.2008)
Oil prices held steady Thursday in Asia after jumping to a record near $124 a barrel as investors captivated by the market's upward momentum seemed to ignore figures showing an increase in U.S. cru...

Why $120 oil is good (05.07.2008)
Speculators are often blamed for artificially inflating crude prices, but some experts say that's exactly what's needed to cut demand and develop new resources.

A Goldman Sachs analyst predicted Tuesday that oil prices could reach $150 to $200 a barrel over the next six months to two years, but said that how far prices could climb still "remains a major un...

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