Friday, June 6, 2008

OIL PRICES SHOOT UP! June 6, 2008

Markets are jittery today. Previous post on peak fuel prices should have held true. Prices will probably rise at a swift pace if panic overtakes the market.

Will have to analyze factors that are in play and previously were not included in previous post.


VIA - MSNBC

Oil rises more than $10 to record high

Some analysts forecast price could hit $150 a barrel by Fourt
h of July
NEW YORK - Oil prices shot up more than $11 to a new record above $139 Friday after Morgan Stanley predicted prices would hit $150 by the Fourth of July.



Analysis and posts are forthcoming as new information becomes available regarding this important story.

Also reported today was that US Unemployment rose to 5.5% for May. It was 5.0% in April and it was expected to rise 0.1%. See link for more details.

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