The rise of oil prices yesterday set a historic record!

The rise of oil prices yesterday set a historic record!
Sep 23, 2008 04:26
FRANKENSTEIN Points: Join Date: Nov 29, 2004 Status: offline	How could I believe it? Yesterday, the crude oil prices went up by 25 US dollars per barrel, which is the record daily increase. More clearly, it increased to more than 130 dollars yesterday. Am I daydreaming? Last week, it sank to 90.51 dollars per barrel. Just several days later, it reached more than 130 dollars. A 40 dollars jump. Why did the oil prices surge so quickly? Was it also influenced by the financial crisis on Wall Street?

Sep 23, 2008 04:26

FRANKENSTEIN
Points:
Join Date: Nov 29, 2004
Status: offline

How could I believe it? Yesterday, the crude oil prices went up by 25 US dollars per barrel, which is the record daily increase. More clearly, it increased to more than 130 dollars yesterday.

Am I daydreaming? Last week, it sank to 90.51 dollars per barrel. Just several days later, it reached more than 130 dollars. A 40 dollars jump. Why did the oil prices surge so quickly? Was it also influenced by the financial crisis on Wall Street?

Sep 24, 2008 04:51	#1
JIMMYB Points: Join Date: Feb 7, 2007 Status: Offline	What's wrong? I just thought that the oil prices would decrease due to the financial turmoil in US. Why did it surge so fast?

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