Crude Awakening: Price of Oil Tops $130 a Barrel [News]
Wednesday, May 21, 2008 - 15:14
in Mathematics & Economics
Brace yourselves, drivers. It's going to be a very expensive ride. The price of oil topped $130 a barrel this morning on the world market. Prices then ticked up again following release of a weekly U.S. Department of Energy report, which found that national oil and gasoline supplies were lower than expected last week. At the time of this writing, the New York Mercantile Exchange listed the price of crude oil at $133.58 per barrel. [More]
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