Oil prices surge on weaker-than-expected inventories oh that seems to be normal this day say Kenneth Musante, from CNNmoney news,but I am also not that happy what is happening those day!
Oil prices surged to record levels Wednesday , topping $112 a barrel, after a government report showed an unexpected decline in crude supplies.this seems to be something new for most folks, but for me I thing this is not something we are new to, as you know oil contract for May delievery climbed just to $2.77 to $111.27 you see now gastation charge you $4.00 and they pay only $2.77 for a gasonline for 1 galone, if they take a millions of gallon per day they have discount.
Some folks, trader, investors, mututal funds manager, portofolio manager expected prices to continue climbing to new high next level is $115 say senior market analyst that me!
