Oil: Good And Bad News: Gas Worries? - International Business Times Australia

By
Viraj
on July 3, 2009 6:32 AM | | TrackBacks (0)
Almost a year ago (actually a week tomorrow) world oil prices reached what would turn out to be their peak: $US147.47 a barrel in New York for the key marker crude traded in America, West Texas Intermediate.

Manufacturer of oil tanks India.

According to forecasters at the time, oil was on the way to $US200 a barrel by the end of the year. Prices steadied, and then turned lower, then plunged as the gathering recession, credit crunch and then the crisis triggered by the collapse of Lehman Brothers in September flattened everything and gave the world its first synchronous slump in 80 years.

Full Story: Oil: Good And Bad News: Gas Worries? - International Business Times Australia

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This page contains a single entry by Viraj published on July 3, 2009 6:32 AM.

Stocks to open higher; oil & gas stocks in focus - Economic Times was the previous entry in this blog.

Mkts close 1% higher this week; banks, oil & gas gain - Moneycontrol.com is the next entry in this blog.

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