MOMENT
Tuesday, July 8, 2008
Oil
Record Price for Crude Oil
THE price of crude oil continues to register a new record. It was triggered by the announcement on American oil stock decrease by 2 million barrels throughout last week by the Department of Energy and the threat of an Israeli attack on Iran. The statement of Saudi Arabian Oil Minister Ali Naimi, suggesting no immediate oil supply increase for the world market, worsened the situation.
The public stir pushed the oil pric
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