Oil Prices Steady Below $82 A Barrel

AP:

Oil prices fell on profit-taking Friday but were expected to hold near record levels as traders kept a watchful eye on a potential tropical storm brewing off the west coast of Florida.

U.S. forecasters warned that a weather system swirling could make landfall as a tropical storm over the weekend. Computer models show possible tracks across Alabama, Mississippi and Louisiana.

"I expect a lot of support for pricing as traders don't want to be caught short ahead of the weekend," said Victor Shum of Purvin & Gertz in Singapore. "And folks will continue to watch how this storm develops over the course of trading."

Read the whole story: AP

Comments

[realitytrumpsbull]

11:45 PM on 09/21/2007

Imagine what the price of a barrel of oil might be today if they'd started with the green-tech in earnest 10 years ago...

[dadw5boys]

04:13 PM on 09/22/2007

If Solar Panels were hanging on every commerical building and home in the USA the demand for engery in the USA could be filled by Canadian Oil and U.S. Coal.
Electric Cars a must.

[nomoredead]

11:30 PM on 09/21/2007

"...traders don't want to get caught short." Why do we allow this very important commodity that effects everones pocketbook to be driven up and down and shorted and futured and gambled around with by these crooks that make their profits when oil goes up? This should be outlawed. Remember Enron?

[mrcontinental]

09:29 AM on 09/21/2007

$100 a barrel here we come!

[BuyRubles]

10:59 AM on 09/21/2007

whoever wrote this article is a damn moron.

Oil steady at $80 a barrel. Oil prices remain flat at $90 a barrel. The price of oil fell sharply from $200 a barrel to $195.

Oil isn't steady to me.

[dadw5boys]

02:22 PM on 09/22/2007

In 2000 OIL was stable to $30.00 a barrel-BB.
AKA BEFORE BUSH