Wasn't it just two days ago that everyone was happy that oil prices were on the way down?

[Speck Tater]

Another sucker punch from the market ---

Oil sets new trading record above $147 a barrel

NEW YORK - Oil prices briefly spiked to a new record above $147 a barrel Friday, as rising hostilities between the West and Iran and unrest in Nigeria sent investors rushing back to energy markets.
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A decline in the U.S. dollar and concerns about an oil worker strike in Brazil contributed to the higher price.

The resurgence in crude prices stokes concern that $4-a-gallon gasoline is here to stay for U.S. drivers and means home heating could get much more expensive this winter.

Heating oil futures surged on the New York Mercantile Exchange to a record of more than $4.15 a gallon. Natural gas futures turned lower, but are still about twice as high as a year ago.


http://news.yahoo.com/s/ap/20080711/ap_on_bi_ge/oil_prices;_ylt=AlX3qDkrnePrdrODIKOQb1ms0NUE

[chelsea0011]

1. Ah yes, the good ole days.

[Andy823]

2. Not me.

I said that it was part of their game to let prices drop, then jack them up again so they could make another killing on oil. They do this at least once a month. Prices go done, big money buy sit up, prices go up more than they went down, and big money sells causing prices to go lower, and it goes on and on, over and over till they find a new game, and a new product to scam the american people!

[XemaSab]

3. A new game?

Oh no... this is the same old game.