Oil: 'Do or die to reach $100' - Raise the Hammer

Peak Oil

Oil: 'Do or die to reach $100'

By RTH Staff
Published November 21, 2007

Reuters reports that against tight supplies, shrinking oil reserves and a falling US dollar, oil futures jumped yesterday to $99.29 per barrel before settling at $98.39.

According to the analyst quoted, "It's firing on its own momentum - do or die to reach $100."

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