Once Again New Record as Oil Prices Reach $143
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Thursday, 03 July 2008 |
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Oil prices closed at $143.57 a barrel in New York, another record, after the
Energy Department reported an unexpected decline in inventories.
That
left the price of a barrel of oil slowly closing in on $150 a barrel,
the next likely psychological milestone to be crossed. “It’s unlikely
that prices at the pump are going to fall anytime soon,” said Lawrence
J. Goldstein, an energy analyst at the Energy Policy Research
Foundation, a group backed by the oil industry. “Once we crossed the
$100 barrier, we’ve lost the ability for the market to shock us.”
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