August crude oil futures hit a new record high above $142 a barrel in electronic trading, attributed to a decline in the U.S. dollar as well as comments from OPEC’s president that prices could top $150 a barrel this year. There is also speculation the European Central Bank might raise interest rates when it meets on July 3, to the further detriment of the greenback. Crude oil has gained more than 47 percent this year.
Subscribe by Email
Pages
Categories
- Broker Commentary
- Market Updates
- Trader Viewpoints
- Commodity News Digest
- Book Reviews
- Uncategorized
- Commodities are Everywhere
- Educational
- Friday Funnies
- L-W In the News
- Webinars
Futures Trading Blogs
Governmental Sites
U.S. Futures Exchanges
Useful Links
- Futures Trading Calendar
- Lind-Waldock
- Lind-Waldock Webinars
- MF Global Research
- NewToFutures.com
- Online Traders’ Catalog
Archives
June 27, 2008
Crude Oil Hits Record Above $142
No Comments »
No comments yet.
RSS feed for comments on this post. | TrackBack URI