(EnergyAsia, February 22, Friday) — US oil futures surged to a new record well above $101 a barrel on Wednesday as supply fears, rather than talks of a US economic recession, dominated the markets.NYMEX crude had closed above $100 a barrel for the first time the day before, for a $14 gain over the last…
MARKETS: Oil 101 — supply fears drive prices to new all-time high
Posted on February 21, 2008 by EnergyAsia