Cost of oil nears $63 a barrel »
Posted by: dirtyfratboy 1 year, 5 months agoTraders eye Iran tensions, U.S. inventories.
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spkguy1 year, 5 months ago
Oil Price History and Analysis
"Until the March 28, 2000 adoption of the $22-$28 price band for the OPEC basket of crude, oil prices only exceeded $23.00 per barrel in response to war or conflict in the Middle East. With limited spare production capacity OPEC has abandoned its price band and for close to three years was powerless to stem a surge in oil prices which was reminiscent of the late 1970s"
http://www.wtrg.com/prices.htm
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dirtyfratboy
Hey all, I'm Henry. I'm a student right now and I'll be majoring in Business at the University of Illinois Urbana-Champaign. During ...
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