What’s Adding Fuel To The Fire?

- October 18th, 2009

Crude Investing News reports oil prices reached a one year high with energy moving in an upward trend. Oil prices soared to a fresh one-year high near $76 a barrel Thursday in Asia on a weaker US dollar and growing investor optimism about an economic recovery. Benchmark crude for November delivery was up 72 cents … Continued

Crude Investing News reports oil prices reached a one year high with energy moving in an upward trend.

Oil prices soared to a fresh one-year high near $76 a barrel Thursday in Asia on a weaker US dollar and growing investor optimism about an economic recovery.

Benchmark crude for November delivery was up 72 cents to $75.90, the highest since October 2008, by midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract added $1.03 to settle at $75.18 on Wednesday.

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