This story is archived

Oil higher after Iran captures UK navy personnel »

Posted by: STONERS 2 years, 7 months ago

Oil rose above $62 to a three-month high on Friday after Iran seized 15 British navy personnel, raising concerns about renewed tension between the oil-producing nation and the West.

Read Full Story at reuters.com »
Submitted By:
STONERS

Welcome to my profile...I've started a ""STONERS Daily News Group"" Please stop by and have a look and join if you like it ...

Who Also Submitted:

This Story is Archived and Commenting is Closed

Comments: 4
  • Avg rating: (+0/-0 0)STONERS
    STONERS
    March 23, 2007, 11:33 a.m.

    U.S. crude climbed 64 cents at $62.33 a barrel by 1335 GMT, adding to gains of more than $2 on Thursday. The session high of $62.50 was the strongest level since December 26 last year.

    London Brent crude also rose to a three-month high of $63.50 and was trading 78 cents higher at $63.29 by 1335 GMT.

    • Avg rating: (+2/-0 2)Countryhick
      Countryhick
      March 23, 2007, 11:51 a.m.

      When will it stop , Oil prices rise because of anything , Weather , conflicts , Chavez got a paper cut , Oil companies keep making more and more profits while we the ones who consume the product get poorer and poorer .

      I wish when I had a crisis happen I could just raise my Salary over three times its usual rate to make up for the loss .

      I ask , what in the world does any one man or company need with Billions of dollars ?

      When you die , you can't take it with you , death comes to the rich or poor , it does not care .

      • Avg rating: (+6/-0 6)agentX
        agentX
        March 23, 2007, 6:54 p.m.

        I swear, this is getting ridiculous.

        One of these days, we're gonna see a news headline like this.

        AP- King Faud of Saudi Arabia sneezed twice today. Oil markets, sensing an oncoming cold to King Faud, panicked and oil prices climbed 30 dollars. The price now stands at 96 US dollars a barrel.

        • Avg rating: (+0/-0 0)Rinty
          Rinty
          March 24, 2007, 1:04 a.m.

          countrychick:

          You are right. It's too much for the average person too accept.

          I stopped buying oil, and started heating my home with electricity and wood.

          The Oil Companies are disgusting and I never want my children to deal with them or need them.

          All 4 comments are shown.