Another $8 Up
October 15, 2007
Gold had another UP day and the December contract settled at $762. Oil was up another $2.44 to close above $86 for yet another record. This oil balloon is going to pop or break the planetary bank if it’s not stopped. Oil prices surged as high as $86 a barrel Monday for the first time after OPEC said crude production by non-member countries is likely falling even as global demand for oil is rising.
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