This is PURE SPECULATION by crude exporters, petrol companies and governments, its time the free world rallied and joined forces in protesting againts this crime, against humanity, yes. against humanity, its the everyday consumer like you and me that suffer the relentless agony of high inflation ..We have Exxon,BP,SHELL,REPSOL,GALP and may more that have bigger and bigger profits at the expence of the automobile..so lets all join forces in a peaceful demonstration on Saturday 15-03-2008 at our local petrol station, each time we pass a petrol station lets make noise use the car horn each time we pass a filling station... from Asia to Europe to America to Africa, lets all make as much noise as we can, ALL FOR ONE ,ONE FOR ALL...
Today crude oil rose to a record $107 a barrel in New York as investors purchased futures because the returns have outpaced those of financial markets.
We're witnessing an ongoing flow of fund buying, which isn't particularly motivated by the particulars of the petroleum market, prices have rallied to such an extent where sellers have backed off. Any time prices go lower the buyers come right back into the market.
Crude oil for April delivery rose to $106.68 a barrel at 10:38 a.m. on the New York Mercantile Exchange. Futures surged to $107 a barrel today, the highest since trading began in 1983. Prices are up 78 percent from a year ago.
Brent crude for April settlement rose to $102.66 a barrel on London's ICE Futures Europe exchange. Futures reached a record $103.98 a barrel on March 7.
REMEMBER..ALL FOR ONE ,ONE FOR ALL...
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