Tuesday, January 23, 2007

Lucky guess

I KNEW IT! ~4.5% on a single day!!


"Jan. 23 (Bloomberg) -- Crude oil surged the most since hurricanes devastated the Gulf of Mexico coast in September 2005 after the U.S. said it will double the size of the nation's Strategic Petroleum Reserve.
The reserve will increase from its current capacity of 727 million barrels of oil to 1.5 billion barrels over the next two decades, Energy Secretary Samuel Bodman said today. Bodman said the U.S. will start buying 100,000 barrels of oil a day this spring to expand the stockpile. Prices rose earlier because cooler U.S. weather will increase fuel use."


PETROLEUM ($/bbl)

PRICE*CHANGE% CHANGETIME
Nymex Crude Future54.902.324.4116:38
Dated Brent Spot55.042.334.4215:04
WTI Cushing Spot54.022.915.6916:02

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