Wednesday, January 02, 2008

crude milestone: crude oil futures hit $100 per barrel

crude milestone: crude oil futures hit $100 per barrelfrom ap: Crude oil prices briefly soared to $100 a barrel Wednesday for the first time, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will outstrip supplies.

Surging economies in China and India fed by oil and gasoline have sent prices soaring over the past year, while ... OPEC may not be able to meet its share of global oil demand by 2024.
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