Oil hits record of $111 on dollar slump 13 Mar 2008 Oil rose to a fresh record high on Thursday, hitting new peaks for the seventh trading day, as a weak dollar overshadowed an increase in U.S. crude inventories. U.S. crude for April delivery struck a new high of $111.00 a barrel. It was trading at $110.93, up $1.01 by 11:02 a.m. EDT [See: Exxon guns for all-time profit record 23 Jan 2008 Exxon Mobil, the
world's largest publicly traded oil company, is within striking distance of setting an all-time profit record - again. "For every $1 [increase] in the price of oil, Exxon makes [another] $125 million for the quarter," said Fadel Gheit, a senior energy analyst at Oppenheimer.]
Yahoo! Groups TipsDid you know...Want to share photos of your group with the world? Add a group photo to Flickr. |
Having problems with message search?
Fill out this form to ensure your group is one of the first to be migrated to the new message search system.
|
Offline 
Send Email