Crude oil rose more than $5 a barrel in the last hour of New York floor trading as prices breached a level that triggered computer-generated buying programs.
Although experts have testified before Congress recently that changing the laws on speculation could result in the price of oil dropping by half, why do I feel that Congress will not act? Bought and paid for, perhaps?
Although experts have testified before Congress recently that changing the laws on speculation could result in the price of oil dropping by half, why do I feel that Congress will not act? Bought and paid for, perhaps?
posted by gary at 3:58 PM
2 Comments:
I think you meant to type $150 a barrel, not $5/barrel.
he didn't say oil was $5 a barrel, he said the price rose again by $5 in late trading.
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