Petrol, Food and Fuel in 2008


	Petrol, Food and Fuel in 2008

abailart

1-2-2008 7:08 PM

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tags:

oil, finance, economics

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8b7d47d1-9a93-4794-b0bb-c69407ca218d/AD0F8B97-9022-4C8B-BCC4-6E797CC3795A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3123867.ece" href="http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3123867.ece" style="font-size: 11px;">business.timesonline.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3123867.ece"><P>
The price of crude oil soared to $100 per barrel for the first time yesterday
in a trend that could feed through into higher petrol prices and delay an
early cut in interest rates this year.
</P><P>
Aggressive buying by speculators, cold weather in the northern hemisphere and
the falling US dollar helped to propel the price of oil to a record on the
Nymex exchange in New York.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3123867.ece">
The increase to $100 — which is also a psychological benchmark — adds to the
growing signs of pressure on consumers. British Gas recently said that
higher gas prices meant that bills for its 10 million customers might have
to rise, while food inflation is threatening to push up the cost of the
weekly trip to the supermarket</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3123867.ece">The cost
of crude oil has tripled in the past four years on booming demand from
fastgrowing Asian economies.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/AD0F8B97-9022-4C8B-BCC4-6E797CC3795A/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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