Friday, July 11, 2008

The Texas Oil Man


Has his dreams come true!

Oil jumped over $4 to a new record high near $146 a barrel on Friday, spurred by growing worries of threats to supplies from Iran and Nigeria and a strike of Brazilian oil workers next week.

U.S. crude was $4.17 at $145.82 a barrel by 6:56 a.m. EDT, off highs of $145.98, after jumping $5.60 or 4 percent a barrel in late trading on Thursday.

London Brent crude was up $4.25 at $146.28 a barrel.

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