Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Oil Surges to Highest Year-End Price Since 2007 on Dollar

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Margot Habiby
Bloomberg
Jan 1, 2011

Oil surged to its highest year-end price since 2007 as the dollar weakened and gasoline and heating oil futures climbed.

Crude capped its second consecutive year of gains as the dollar dropped against the euro, boosting commodities’ appeal as an alternative investment. Oil settled above $91 a barrel after testing technical support near $89. Gasoline and heating oil advanced before the January contracts expired today.

“A weaker dollar and stronger product prices are all bolstering crude,” said Jason Schenker, president of Prestige Economics LLC, an Austin, Texas-based energy consultant.

Oil for February delivery climbed $1.54, or 1.7 percent, to settle at $91.38 a barrel on the New York Mercantile Exchange. Prices fell 13 cents this week and rose 8.6 percent in December.

Full article here

Oil Surges to Highest Year End Price Since 2007 on Dollar 150709banner2

Stock up for the Holidays with eFoodsDirect and get FREE Shipping!

This article was posted: Saturday, January 1, 2011 at 8:42 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Nanny State to Ban Toasters, Kettles & Hair Dryers! See the rest on the Alex Jones YouTube channel.

Obama Bypassing Congress to Sign UN Climate Change Deal See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.