Chart of the Day : crude oil
Enviado: 20/7/2007 13:50Chart of the Day
The price of crude oil is rising once again. Today´s chart provides some perspective to the latest price spike with a long-term view of West Texas Intermediate Crude. One point of interest is that oil is trading near 25-year highs but still well below the inflation-adjusted highs of 1980. It is also interesting to note that most oil price spikes were a result of Middle East crises and often preceded or coincided with a US recession
