Friday, 24 December 2010

Moneynews.com


Breaking News from Moneynews.com


Gulf CEO: Oil May Near $150 a Barrel by Summer


Crude oil’s price could soar to nearly $150 a barrel by summer, Joe Petrowski, chief executive of Gulf Oil and the Cumberland Gulf Group, told CNBC Thursday. “I think we'll be at $100 in the first quarter," he added, "and there’s one-in-four chance we’ll take out the $147 highs before Memorial Day.”


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