Crude Hitting News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Gallon. the last time it spiked's $110 oil hit $120 and we tanked, and this is become a problem. we cannot have crude hitting $115 a barrel. >>neil: you refer to the s&p, that has been under pressure but most averages are up despite this. do you think it catches up to them? or what? >>guest: remember, in 2007 leading into 2008 we had a crashing derivative market, a real estate market falling apart, and an insurance market falling apart. with crude rallying. so, that, of course, was three things striking against our market. and now we have crude rallying so we can withstand up to $115 to $120 b...

Today to discuss the best way to get nearly 1,400 workers out of the country. the unrest, as we've been saying, also sending crowd oil prices soaring. brent oil is up $5 at $116.97 a barrel. now brent, eye see is best indicator of the oil market's response to the unrest in africa. it soared 29%. and crude hitting $100 a barrel in late trading in new york on wednesday. in asian trade in electronic trade, that is, came back to $101.91. a near $4 rise in the cost of oil. now libya normally pumps about 1.6 million barrels a day. that's about 2% of the world's total supply but half the country's pr...