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Oil nears $123 on $200 oil prediction
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<blockquote data-quote="lkdood" data-source="post: 2001593" data-attributes="member: 92282"><p><strong>Oil futures blasted to a new record over $122 a barrel Tuesday, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at supply shortages. Retail gas prices edged lower, but appear poised to rise to new records of their own in coming weeks.</strong></p><p><strong></strong></p><p><strong>A new Goldman Sachs prediction that oil prices could rise to $150 to $200 within two years seemed to motivate much of Tuesday's buying, although a falling dollar and increasing concerns about declining crude production in Mexico and Russia contributed, analysts say.</strong></p><p></p><p>....</p><p></p><p><a href="http://news.yahoo.com/s/ap/20080506/ap_on_bi_ge/oil_prices;_ylt=Al17U6zr78GV.st5ntdTCYSyBhIF" target="_blank">AP VIA YAHOO</a></p><p></p><p><strong><span style="font-size: 18px"><span style="color: Sienna">Diesel, Petrol wadi wei wage</span></span></strong> <img src="/styles/default/xenforo/smilies/default/sad.gif" class="smilie" loading="lazy" alt=":(" title="Sad :(" data-shortname=":(" /><img src="/styles/default/xenforo/smilies/default/growl.gif" class="smilie" loading="lazy" alt=":growl:" title="Growl :growl:" data-shortname=":growl:" /><img src="/styles/default/xenforo/smilies/default/angry.gif" class="smilie" loading="lazy" alt=":angry:" title="Angry :angry:" data-shortname=":angry:" /><img src="/styles/default/xenforo/smilies/default/baffled.gif" class="smilie" loading="lazy" alt=":baffled:" title="Baffled :baffled:" data-shortname=":baffled:" /></p></blockquote><p></p>
[QUOTE="lkdood, post: 2001593, member: 92282"] [B]Oil futures blasted to a new record over $122 a barrel Tuesday, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at supply shortages. Retail gas prices edged lower, but appear poised to rise to new records of their own in coming weeks. A new Goldman Sachs prediction that oil prices could rise to $150 to $200 within two years seemed to motivate much of Tuesday's buying, although a falling dollar and increasing concerns about declining crude production in Mexico and Russia contributed, analysts say.[/B] .... [URL="http://news.yahoo.com/s/ap/20080506/ap_on_bi_ge/oil_prices;_ylt=Al17U6zr78GV.st5ntdTCYSyBhIF"]AP VIA YAHOO[/URL] [B][SIZE=5][COLOR=Sienna]Diesel, Petrol wadi wei wage[/COLOR][/SIZE][/B] :(:growl::angry::baffled: [/QUOTE]
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