Crude oil for January delivery touched a record $99.29 a barrel in electronic trading before easing to $98.94 a barrel, rising 91 cents from the close of trading on the New York Mercantile Exchange Tuesday, according to MarketWatch.
Douglas A. McIntyre is an editor at 247wallst.com.











Reader Comments (Page 1 of 1)
11-21-2007 @ 5:44AM
steveo said...
It seems that confidence in the market is holding well with $100 oil. Clearly many consumers will be struggling with inflated energy prices, especially as we head into the colder months.
To what price point will oil have to rise before there is a significant negative impact on retailers?
Of course, everyone could be waiting on Friday to see what the season will do...
11-21-2007 @ 6:19AM
Josh Duyal said...
And, America is yet to touch it's own oil reserves.. Or start building refineries.. Or process those billions of tons of usable coal.. Thanks to the liberal environmental crazies, we remain at mercy of the foreign governments who manipulate the energy cost or availability, at will.
11-21-2007 @ 10:25AM
terry said...
While BP (British Petroleum ) was making a record, $60,000,000.00 per day in net profit for 2006, Exxon Mobil brought in another record net profit year at $110,000,000.00 per day! Even if you stop driving, even if you drive on half as much, with this much money, big oil will not care, they will sell to who ever is using their product! China will use 10 percent more then they used this year next year, While it is admirable that you would want to help out for America, big oil has the market right where they want it. They control the release of the product, over inflating the cost and reaping billions of $$$$ in net profit, while we are at war protecting their interests.
11-21-2007 @ 9:19AM
terry said...
While BP (British Petroleum ) was making a record, $60,000,000.00 per day in net profit for 2006, Exxon Mobil brought in another record net profit year at $110,000,000.00 per day! Even if you stop driving, even if you drive on half as much, with this much money, big oil will not care, they will sell to who ever is using their product! China will use 10 percent more then they used this year next year, While it is admirable that you would want to help out for America, big oil has the market right where they want it. They control the release of the product, over inflating the cost and reaping billions of $$$$ in net profit, while we are at war protecting their interests.