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!

 

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