
Friday July 14, 2006
Crude oil hits $78.40 - new all-time record high
bloomberg.com :
Crude oil rose above $78 a barrel in New York for the first time as escalating violence in the Middle East and disruptions in Nigeria threatened global supplies. Hezbollah militants fired rockets from Lebanon into Israel's third-biggest city after Israeli forces bombed Beirut international airport and other targets. A Nigerian newspaper reported that rebels had attacked pipelines. Iranian President Mahmoud Ahmadinejad threatened to end Iran's cooperation with international bodies monitoring its nuclear program after the dispute was referred to the UN Security Council.
Crude oil for August delivery rose as much as $1.70, or 2.2 percent, to $78.40 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $77.99 at 8:59 a.m. in Sydney, 35% higher than a year ago.
- A previous interim high of $76.60 didn't last very long either. In rapid succession, in less than one week, we've had record-breaking highs at $75.40, $75.78, $75.89, $76.60 and now a big jump to $78.40. $80.00 is *almost* within reach. We are very near the threshold of "interesting times ahead".
See also :
1. Crude oil hits $75.89, a new record high
2. Oil hits record $75.78 on strong demand
3. US crude oil hits $75.40, a new record high
(2006-07-14 10:23:42 SGT)
[Energy]
Permalink
Most popular blog postings on lowem.log :
1. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Honda Civic Hybrid preliminary specifications released
4. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004
5. How to insert currency exchange rates into Google Spreadsheets
6. Singapore : Nuclear power not ruled out
7. Live spot gold price quotes chart on COMEX
8. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
Featured articles on lowem.log :
1. 2010 Honda Civic Hybrid preliminary specifications released
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
4. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
5. New efficient nanotech materials may boost enhanced geothermal power systems
6. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
7. Singapore property market recovery seen as private home sales surge 52% in Jul 2009
8. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004
|