New sanctions on Iran boost oil prices

[boylover]

http://www.businessweek.com/ap/2012-07-12/oil-falls-on-concerns-about-global-economy

oil prices moving very volatile, just the other day, it went down cos' of the slowing in china economy and end of norway strike. to day it went up cos' of iran sanctions.

oil price may be a good indicator of how the world economy is doing. i exepect it to go down again soon.

http://www.sammyboy.com/showthread.php?122394-Oil-price-drops-as-China-slows-Norway-strike-ends

 

[thinkorsink]

Oil prices rise for third day as traders focus on supply issues, gas prices up to $3.39/gal

http://www.washingtonpost.com/busin...cond-quarter/2012/07/13/gJQA9kd4gW_story.html

 

[thinkorsink]

Oil price climbs for 4th day on hopes for new round of economic stimulus from Fed

http://www.washingtonpost.com/busin...s-on-economy/2012/07/16/gJQANpyenW_story.html