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Author Topic: Oil rises as Israel-Hamas fight continues Back to Topics
Nitewolf

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Anchorage

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Message Posted: Nov 19, 2012 10:22:38 AM

By PABLO GORONDI — Associated Press

BANGKOK — The price of oil rose to $88 a barrel Monday as the conflict in Gaza between Israel and Hamas showed no signs of abating, raising concerns about Middle East crude supplies.

By early afternoon in Europe, benchmark oil for December delivery was up $1.09 to $88.01 a barrel in electronic trading on the New York Mercantile Exchange. The contract added $1.05 to finish at $86.92 per barrel on Friday.

Brent crude, used to price many international varieties of oil, rose 77 cents to $109.72.

Analysts highlighted concerns that oil supplies could be disrupted if the Israel-Hamas conflict engulfs countries elsewhere in the Middle East, a huge producer of crude.

"Fears are growing that Arab oil producers could find themselves dragged into the conflict
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REPLIES (newest first) Post a Reply
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ClarkSC
Champion Author South Carolina

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Message Posted: Nov 20, 2012 8:07:28 AM

Any excuse.
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Nov 19, 2012 6:21:20 PM

watch and see.
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Nicoalbum
Champion Author Ottawa

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Message Posted: Nov 19, 2012 1:44:50 PM

Always like that
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Jeff4U
Champion Author Atlanta

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Message Posted: Nov 19, 2012 12:39:28 PM

Crude is now $89.44
The price Friday was $85.50

Wholesale gasoline rose by 7¢ so far today, now at $2.77 per gallon.
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evowner
Champion Author Salem

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Message Posted: Nov 19, 2012 12:22:20 PM

US energy independence is essential for our security. If we had used the "war for oil" money in the US to develope new energy sources, we would we much closer to energy independence.
Now we have to catch up and use technologies of other countries.
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skempton
Champion Author Vermont

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Message Posted: Nov 19, 2012 11:43:04 AM

It amazes me what the rise in price is attributed to.
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amerk73
Champion Author Dallas

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Message Posted: Nov 19, 2012 11:29:02 AM

Brent Crude Oil now at
$111.27
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amerk73
Champion Author Dallas

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Message Posted: Nov 19, 2012 11:28:29 AM

not fair prices Crude Oil now at
$89.12
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humblepie
Champion Author Toledo

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Message Posted: Nov 19, 2012 10:42:50 AM

expected
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JCI46009IN
Champion Author Indiana

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Message Posted: Nov 19, 2012 10:26:10 AM

Of course it will
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