Over a Barrel–Oil Tops $100
By Mimi
Posted: February 19, 2008
Posted: February 19, 2008
The price of a barrel of crude shot up to $110.10 today before closing at $100.01, driven by fear despite evidence of good supplies and falling demand, illustrates the tightrope the United States walks in terms of energy security.
A refinery explosion in Texas over the weekend and fear that OPEC will decide to cut back production next month drove prices higher.
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