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Market Journal 2008 P3

  • 01/21/2008 -- Crude futures price closes at 5-week low
    The February crude contract fell 71¢ to $90.13/bbl Jan. 17 on the New York Mercantile Exchange—its lowest closing in 5 weeks.
  • 01/07/2008 -- Oil finally tops $100/bbl
    For the first time ever, a front-month crude contract hit $100/bbl Jan. 2 before closing at $99.62/bbl in the initial trading session of 2008 on the New York Mercantile Exchange.
  • 02/12/2008 -- Crude market lacks direction
    Crude futures prices fluctuated sharply within a $5/bbl range in a directionless market in early February, with traders torn between fears of an economic recession and potential threats to oil supplies.
  • 04/21/2008 -- Weak dollar buoys oil prices
    Analysts cite weak dollar, other factors in crude oil price rise.
  • 07/17/2008 -- Market Journal
    Crude prices fluctuate in $12/bbl range

    Crude prices fluctuated in a $12/bbl range July 7-11 on the New York Mercantile Exchange, falling sharply in the first two sessions as the US dollar strengthened then rebounding in the last two sessions to almost make up that loss.

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