Looks like the expected rise in crude prices is going to get worse. The Israelis attacking Lebanon and the two attacks on Nigerian pipeline attacks are just going to add momentum to the price rise.
“Oil prices hit a new intraday high near $76 a barrel in a market agitated by escalating violence in the Middle East and news of explosions on Nigerian pipelines. Analysts say the hurricane season could spark even higher prices.”
Maybe it’s time to get a bid on tuning up that parish furnace?
Read the rest here: Oil Prices Hit New Intraday High
(Via CBS News.)