Oil Back Above $144

Oil is back near record levels early this morning as the price once again climbs above $144/barrel. Many of the same worries that previously made traders nervous are still bubbling up. Concerns over possible supply disruptions are being caused by:

  • tensions over Iran’s launch of test missiles (including new secret weapon: Photoshop)
  • the possible renewal of oil-related violence in Nigeria

See Also:
Russia’s Gazprom Extends World Domination Plan: Bids For All of Libya’s Future Oil/Gas Exports

Just In: $10 Gas Doesn’t Mean End of civilisation As We Know It!


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.