As if to mock the doubting Thomases, oil continued to set new record highs almost every day for more than a week after cracking the $80 resistance on September 12.It has since settled comfortably into the $80 range, proving that the run-up was no fluke. Today, the oil price set another high of more than…
MARKETS: Big Oil lose credibility as oil price continues to hit new high
Posted on October 15, 2007 by EnergyAsia