Monday, October 26, 2009

Oil news

Source: www.latimes.com
Until Monday, pump price expert Fred Rozell figured that California gasoline was headed down to $2.85 a gallon or lower. But that was before crude oil futures rose $1.08, or 1.3%, to settle at $79.61...

Opec blames speculators for rising oil price - Times Online
Source: business.timesonline.co.uk
Opec, the oil producers' cartel, suggested speculators were to blame for a recent spike in oil prices to more than $80 a barrel, which was not justified by fundamentals...

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