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Market Journal 2007 P

  • 01/15/2007 -- NYMEX crude breaks $55/bbl price support
    The February contract for benchmark US light, sweet crudes broke through former market support to close at $54.02/bbl Jan. 10 on the New York Mercantile Exchange.
  • 01/08/2007 -- Crude suffers severe 2-day loss
    The February contract price for benchmark US crude fell 9% Jan. 3-4 to near 18-month lows in the first two trading sessions of 2007 on the New York Mercantile Exchange.
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