Phil
Tapis is trading over $118 a barrel this evening.
http://www.upstreamonline.com/market_data/?id=markets_crude
Can it make $120 by Friday???
Aussie is not strenghening sufficiently to moderate the price increases.
RBA has not got inflation under control as some seem to think.
http://business.smh.com.au/more-rba-rate-rises-unlikely-in-2008/20080415...
The real story is the diesel price.
West Texas already up at a new high this morning (UK time). I expect it may get higher when the yanks get to work.
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Phil
Tapis is trading over $118 a barrel this evening.
http://www.upstreamonline.com/market_data/?id=markets_crude
Can it make $120 by Friday???
Aussie is not strenghening sufficiently to moderate the price increases.
RBA has not got inflation under control as some seem to think.
http://business.smh.com.au/more-rba-rate-rises-unlikely-in-2008/20080415...
The real story is the diesel price.
West Texas already up at a new high this morning (UK time). I expect it may get higher when the yanks get to work.