Skip to Content

yemen-oil-pipeline-bombing


Crude oil futures top $97 a barrel for the first time

This week, the bombing of an oil pipeline in Yemen by saboteurs and a suicide bombing targeting lawmakers in Afghanistan spooked world oil markets. Those overseas events combined with rising demand and falling supplies in the US to drive oil price futures contracts to a new record high of over $97 a barrel. That's a jump of almost forty percent since August, an increase which so far hasn't been completely reflected in US gasoline prices. This week prices in southeast Michigan are still hovering around $3.05-3.10 per gallon, but oil companies ... Read more →

No Content Style Defined.

Featured Galleries

  • Capstone Turbine CMT-380
  • Quick Spin: 2011 Chevrolet Volt pre-production prototype
  • Toyota iQ Livery
  • Tesla Store Monaco
  • 2009 Rolls-Royce Phantom
  • Smart ED production
  • Tesla Roadster audio recording for video games
  • Production i-MiEVs in the UK
  • Hyundai 2.4L direct injected Theta II
  • Mercedes-Benz Citaro FuelCELL-Hybrid bus
  • Chevy Volt hits the streets in Royal Oak
  • 2010 Nissan LEAF

Categories

Autoblog

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum