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Home » Information Photos » News Photos « Previous image · Slide Show · Next image »

Traders_in_the_Oil_Pit
Crude oil pushes to a new record high.

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Poster: xcel  (see this users gallery)

WASHINGTON - The price of oil briefly surpassed $78 a barrel Friday and finished 4 percent higher for the week after Israeli attacks against militants in Lebanon stoked fears of a wider Middle East conflict and possible oil-supply disruption.

The run-up in oil raised concerns about inflation and the economy at large, sending stock prices tumbling. OPEC tried to reassure the market by stressing its commitment to “order and stability,” but at the same time said it “has no influence” over the geopolitical turmoil underlying today’s volatility.
· Date: Sat July 15, 2006 · Views: 6910 · Filesize: 86.2kb · Dimensions: 310 x 295 ·
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Keywords: Oil Traders at NYMEX see record highs - www.CleanMPG.com
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