Saturday, July 15, 2006

Oil climbs to never-before-seen levels as world tensions rise

SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed to never-before-seen levels Friday and analysts predict $80 prices as early as next week, with violence between Israel and Lebanon and the Wests quarrels with Iran and North Korea fueling traders anxiety over the state of oil supplies as countries begin to take sides on the various conflicts

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// posted by Joel Polkinghorne @ 10:25 AM
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