Wednesday, February 23, 2011

UPDATE: CRUDE OIL PASSES $100 A BARREL

BIZZ UPDATE
The last time we saw crude oil in above the $100 mark was in September 2008 before the crash took place.

Now as the reports Start coming in, crude oil futures futures for April delivery have reached Near $99.50. The High for today had already topped $99.95 a barrel, and are expected to increase to $110 if the Libyan crisis don't come to end. According to CME Light Crude Oil Index, May's futures are trading at $101.01 a barrel and October 2011 futures are at $102.33 a barrel
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