Crude Oil topped up to $ 84.05 per barrel in New York, with the thought that Turkey might try to extinguish Kurdish fighters by invading northern Iraq. (Iraq has the world's 3rd largest oil reserves). There is always a reason for crude-oil to go bullish.

tks Gioachino our resident oil analyst. Keep up the great work

January nymex crude hits - $ 99.11,,,
official energy statistics from the u.s. government:
http://tonto.eia.doe.gov/oog/info/twip/twip.asp

Happy New Year 2008, Crude futures crossed the $100 level in Nymex trades for the first time ever!!!

February Light Sweet Crude Oil touched - $100.09 per barrel yesterday (Thursday) January 3rd, 2008 at the New York Mercantile Exchange, a new trading record high.

March Nymex Crude-Oil touched $ 100.10 per barrel, today, some say the reason is because Venezuela, and Exxon Mobil are in a dispute,others say because OPEC may cut production if world supplies continue to escalate. The truth is usually somewhere down- the middle. What do you guys- think?

I would vote that the Venezuela/Exxon news weighed heavier than the OPEC news.

last month when everyone was talking up the idea of a recession in the US, the knee-jerk reaction of crude was to the downside... as the economic data in the US continues to deteriorate however crude inexplicably continues its trek through the $100 barrier onward to higher prices ... (on to the next theory)...this is yet another symptom of an inelastic market, where global demand continues to out-pace supply and drive prices higher. Secondary factors include things like supply concerns (geopolitical issues) in Venezuela and N. Africa, and global liquidity issues (central bank driven monetary inflation).

March Crude Oil hits a new record high at- Nymex - $ 101.32 per barrel, after FOMC Minutes released today.

I haven't check this but are the stocks of companies that research and develop alternative fuels sources also rising? i.e. are they positively correlated to the price of oil? Any examples of this type of stock?

NYMEX CRUDE OIL CLOSES AT A NEW HIGH OF $ 100.88 PER BARREL, BLAMED ON COLD WEATHER , ALSO MAKING A NEW INTRADY HIGH RECORD OF: $101.15 <---

Crude oil is the most well known commodity from the energy sector and is the world's most actively traded commodity. Light, sweet crude oil is preferred by refiners because of its low sulfur content and relatively high yields of high value products.