Wednesday, May 23, 2007

Oil Speculation

The reason for the gas gouging at the pump. Speculation in the oil market.

Algerian Energy Minister: shortage of oil supply does not cause prices rise
According to him, doubts are surrounding oil markets; which has been used by speculators to raise the prices.


Oil mergers forcing prices up: study

Oil rises ahead of US inventory data

Oil Prices Rise After Inventory Report

Oil rises as warships enter Gulf

BP leak reduces Alaskan oil flow

Oil, gasoline futures end higher; traders weigh supply risk



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