Relevant:
- FIRE SALE: U.S. Plans to Sell Down Strategic Oil Reserve to Raise Cash
- Ironically, As Price Per Barrel Drops, American Oil Supply From Canada Imperiled
- Saudis don't want oil price set in U.S. anymore
- Oil at $100+/barrel?
- An Oil Firm That Raised Money Seven Months Ago Just Missed Its First Bond Payment
2008-07-03 — ft.com
Nymex statistics show that investors for the first time placed a small bet this week that West Texas Intermediate oil futures would hit $300 a barrel – more than double Tuesday’s price of about $142.50 a barrel – by December.
No longer seems so far-fetched, does it?
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