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Oil Surge

Speculators Drive Pain at the Gas Pump

Earl Ofari Hutchinson | Posted 06.15.2011 | Business
Earl Ofari Hutchinson

The standard reasons for the relentless oil price leap is war in Libya, unrest in the Middle East, political instability in Nigeria and Venezuela, and the perennial jitter that global oil supplies are fast running out. But these are all wrong.

Oil Hits High, Dollar Plunges

AP | CHRIS KAHN | Posted 05.25.2011 | Business

NEW YORK — A weakened dollar and evidence that OPEC has significantly slowed production sent oil prices soaring to new highs for the year Thursd...

$200 Oil Prediction Pumps Price Higher

Financial Times | Javier Blas and Chris Flood | Posted 05.25.2011 | Business

Crude oil prices could surge to $200 a barrel in the next two years, according to the Goldman Sachs analyst who three years ago correctly predicted a ...