Oil climbs to record above $141 in Asia

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  • Porn Mickey
    we all love porn
    • Nov 2001
    • 2840
    #1

    Oil climbs to record above $141 in Asia


    By GILLIAN WONG

    Oil prices climbed to a record above $141 a barrel in Asian trading Friday as the dollar's protracted slump prompted investors to flock to oil as a hedge against inflation.

    Prices were also lifted Thursday after OPEC's president said crude prices could rise well above $150 a barrel this year and Libya said it may cut oil production.

    Light, sweet crude for August delivery rose as high as $141.71 a barrel before pulling back to $141.10, up $1.46 in Asian electronic trading on the New York Mercantile Exchange, midafternoon in Singapore. The contract Thursday rose $5.09 to settle at a record $139.64.
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    • SoloGirlsContent
      So Fucking Banned
      • Oct 2003
      • 5013
      #2
      OIL= $170 A BARREL SAYS OPEC...ouch my ass hurts, I just been fucked by a camel

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        • kmanrox
          aka K-Man
          • Oct 2001
          • 29295
          #3
          damn so im gonna spend like $9 a month on gas for my motorbike???!!!!! that's it im PISSED


          j/k i realize this effects prices of everything in some form or another.. unless the product is made by things that dont require transportation..
          Crypto HODLr
          Crypto mining
          Angel investor

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            • pornguy
              Too lazy to set a custom title
              • Mar 2003
              • 62910
              #4
              I read not long ago, that even if the price hit 200$ there is not reason for the pump prices.
              PornGuy skype me pornguy_epic

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                • tranza
                  ICQ: 197-556-237
                  • Jun 2003
                  • 57559
                  #5
                  Originally posted by pornguy
                  I read not long ago, that even if the price hit 200$ there is not reason for the pump prices.
                  really??
                  I'm just a newbie.

                    Comment

                    • kane
                      Too lazy to set a custom title
                      • Aug 2001
                      • 20684
                      #6
                      Originally posted by pornguy
                      I read not long ago, that even if the price hit 200$ there is not reason for the pump prices.
                      On CNN they said just the opposite. They said around 70% of the price of a gallon of gas is made up from the cost of the crude oil.

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