Friday, June 6, 2008

Oil soars on $150 per barrel July 4 prediction

From the AP via Yahoo Finance:
Oil prices blow past $134 on prediction that oil will hit $150 per barrel by July 4 Oil is trading above $134 per barrel on an analyst prediction that prices could hit $150 by July 4.

Prices jumped $6.43 Friday shortly after Ole Slorer of Morgan Stanley released a report saying he expected a "short-term spike in oil prices," on the back of rising demand in Asia, Dow Jones Newswires reported....MORE