Excerpt from: Futures and Commodity News
|
 |
| January 02, 2008 | | Nigeria, Pakistan and supply contribute to higher oil prices | Oil futures are surging upward in commodities trading as violence in Nigeria, uncertainty in Pakistan and worries over supply in the U.S. give prices a boost. Oil prices are on the rise, and many think that they are really headed for $100 this time. MarketWatch reports on oil futures in commodities trading:
Crude-oil futures surged to trade near $98 a barrel on Wednesday,
propelled higher by expectations of another drawdown in weekly U.S.
crude supplies as well as by a fresh outbreak of violent clashes
reported in oil-rich Nigeria. | | |
|
|
