Summary
Crude oil prices rose above a record $99 per barrel today as worries about inadequate winter supplies in the Northern Hemisphere and news of refinery problems stoked bullish sentiment.
The declining U.S. dollar and speculation that the U.S. Federal Reserve will again cut interest rates also boosted prices. Some investors put their money into oil contracts, betting that gains in their price will offset dollar weakness.See the full content of this document
Extract
Crude Oil Prices Top $99, Look Higher
"The market is now really lo...
See the full content of this document
Sponsored links
