Leaky pipe drives oil higher
Oil surged to near $77 a barrel Monday after BP began shutting an Alaskan field that accounts for 8 percent of U.S. crude production. Anxiety over the Middle East, supplier of almost a third of the world's oil, is also running high among traders. One analyst said prices at the gas pump could five cents in the next few days.
Price goes up because of anxiety? Not because of supply and surplus.
F................in Mut.. F.....................ers
Oil...again
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