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Message #5250 posted by forged registration (Info) October 16, 2007 20:09:42 ET
the ingenius bush doctrine is generating massive profits for....
Oil prices rocket to $88 US Last Updated: Tuesday, October 16, 2007 | 4:16 PM ET CBC News
Crude oil prices continued their recent ride further into record territory on Tuesday, topping $88 US a barrel.
Oil futures reached as high as $88.05 US in morning trading in New York, but later slipped back to close at $87.61 US — up $1.48 US from Monday's record close, when November crude futures rose $2.44 to settle at $86.13 US.
It was the sixth daily increase in a row for oil prices.
Analysts attributed much of the most recent strength to political tensions between Turkey and Iraq. Turkey has threatened to pursue Kurdish rebels into Iraq — a move that could disrupt oil shipments in the region.
There are also continuing worries about U.S. supplies ahead of the winter heating-oil season.
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