Promoting the Joys of Carfree Life in the USA
(Since February 2006)
Wednesday, January 02, 2008
Oil at $100 a barrel: Happy New Year!
Crude-oil futures surged more than $4 a barrel and hit $100 on Wednesday on expectations U.S. crude inventories fell for a seventh consecutive week and on concerns violence in Nigeria may cut output from Africa's biggest oil producer. Crude for February delivery rallied $4.02 to $100 a barrel on the New York Mercantile Exchange in early afternoon trading.