Excerpt from:  Futures and Commodity News
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December 28, 2007

Oil Futures Continue to Rise

Oil prices on the commodities market

Oil futures continue to rise on the commodities market. Oil prices are getting a boost from the political upheaval in the Mideast, as well as dwindling supplies as the U.S. heads into the coldest part of winter. MarketWatch reports on oil prices on the commodities market:

"Pakistan will become a key bullish prop for the market," said Edward Meir, an analyst at futures brokerage MF Global. "This is not because of any oil-related ramifications but because of the shaky ground the existing and relatively pro-Western regime will find itself in."


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