~ although well Off Topic, I feel it is worthwhile to furnish at least
periodic market re****ts on the Number One World Wide Economic issue,,
the "soaring price" of crude oil in international markets. ~
(Texas) "light sweet crude" 14 May 2008 closed on NYMEX for June
Delivery at $124.22 a Barrel,, Down $1.58 over previous close.
,,,, crude oil futures have risen 29% year to date, on steadily
rising demand in emerging economies, sluggish growth in new supplies
and Unrest in some major oil producing nations.,,,,,
,,,, OPEC member Iran is storing 25 Million Barrels of heavy crude
oil in tankers in the Persian Gulf ,,,,,
,,,, President Bush is expected to urge OPEC's top producer, Saudi
Arabia to pump more oil during his visit to the Middle East this week
,,,,
C. Bash
|
