Thread: $120 Oil
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Old 07-06-2008, 01:38
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K2 K2 is offline
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$140 Oil

Heating oil hit limit up and crude soared a daily record $10.66/barrel (>8% in one day!) - better nip out and fill up and start hoarding - rally is going parabolic and who knows where it will stop!

Airlines - stick with the majors, the weak ones could well go bust and pay those ticket costs up front or dont be surprised to get hefty fuel surcharges.

Stocks - not surprisingly have tanked (>2%) - a very ugly day indeed.
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