Thursday, July 10, 2008

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?


Anonymous Anonymous said...

I think you meant to type $150 a barrel, not $5/barrel.

12:09 AM  
Anonymous Anonymous said...

he didn't say oil was $5 a barrel, he said the price rose again by $5 in late trading.

4:21 AM  

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