« Ford cuts N. American production, cuts profit goal | Main | Backseat Driver: Ready for $5 a gallon for regular? »

Oil surpasses $135 a barrel on new supply concerns

Oil prices rose above $135 a barrel for the first time Thursday, with supply worries, global demand and an ever weakening U.S dollar driving crude futures up, according to the Associated Press.

Also on Thursday, The Wall Street Journal reported that the world's top energy watchdog is preparing a sharp downward revision of its oil-supply forecast.

Posted by Peter C. T. Elsworth  at 10:16 AM to Crude oil market | Permalink

Comments

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)