2007-11-11

Current crude oil prices(3)

Many circumstances have united to cause the current crude oil high prices.

One was Hurricane Katrina, which disabled much of the offshore oil drilling capacity in the Gulf of Mexico.

Another is the continuing political unrest in the Middle East, a major oil producing region.

There were radical attacks in the U.S., with the subsequent American retaliation.

Major political upheavals, war, and even rumors can spark stock market activity which can drive the current oil prices even higher.

Many events, real or imagined, can negatively affect crude oil's current price.



By Big Mike

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