Saturday, June 28, 2008

Countdown to $200 Crude (9)

Another Friday and another new oil high. It crossed $140/barrel mark. Light, sweet crude for August delivery rose as high as $142.99 a barrel on the New York Mercantile Exchange before pulling back sharply in a spate of late-day profit-taking to settle up 57 cents at a record $140.21 on 06/27/2008.

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