Associated Press
August 21, 2008

NEW YORK – Oil prices shot up $6 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of a disruption of energy shipments to Western countries.

Crude’s rally mimicked the wild price swings seen last month and have at least temporarily halted oil’s slide back toward $100 a barrel. A weaker U.S. dollar and worries about tightening output from OPEC countries are also supporting prices.

Tensions with Russia about a deal between Washington and Poland to install a missile defense system in Eastern Europe — seen as a threat by Moscow — and the continued presence of Russian troops in Georgia contributed greatly to the bullish mood.

Read article

Truth Rising 9/11 Chronicles Part One: Truth Rising
Get the DVD and make copies or watch the high quality streaming and download version online at Prison Click here to read more about the film and view sample trailers.

The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!

Related Articles