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Monday, April 17, 2006

Oil Futures Hit The Magical $70 Per Barrel

Crude hits $70! Oil futures hit the magical $70 per barrel late last night, as traders continue to express concerns about unrest in Nigeria, and the political tensions over Iran's nuclear program. Trading volume was lighter than usual overnight, as most of Europe is still on an extended Easter holiday. Prices show no signs of abating any time soon, with the peak summer driving season in the US coming up, and fears of another active hurricane season supporting prices. Read More....