02/08/2008

Crude oil rallied

Crude oil rallied more than $4 a barrel after speculation by Israeli Deputy Prime Minister Shaul Mofaz that Iran is on a path toward a ``major breakthrough'' in its nuclear program.

The comments by Mofaz, seen as one of the candidates for Israeli prime minister after Ehud Olmert said he wouldn't run for re-election, fueled speculation that the U.S. or Israel may attack Iran, OPEC's second-biggest oil producer.
Oil Rises $4 on Israeli Comments About Iranian Nuclear Program …

Crude oil for September delivery rose $4.10, or 3.4 percent, to $128.26 a barrel at 10:22 a.m. on the New York Mercantile Exchange.

at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

SOUTH AFRICA SPRINGBOKS

South Africa laid the groundwork with traditional Springbok rugby and finished an out-gunned England side off with two late tries to win ...

  • PORTAXLAND
    Please note these details may be subject to change THE NEWEST NATION IN EUROPE… PORTAXLAND This European Nation has so many t...
  • OPEC´S BIGGEST CATASTROPHE
    The catastrophe looming for OPEC is the deal to cut production..   OPEC and Russia will meet in Doha on Thursday for another round...
  • The Chinese crash...
    WorldWatch said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s ...