The Car and Truck Fleet and Leasing Management Magazine

Oil Prices at Nearly $74 a Barrel

July 16, 2007

NEW YORK --- Prices for crude-oil futures remained high in early-morning trading today, propped up by concerns over a damaged U.K. pipeline that has hindered North Sea crude production. The Wall Street Journal reported that prices hit an 11-month intraday high in early electronic trading. On the New York Mercantile Exchange, the front-month August light, sweet crude contract dipped 4 cents to $73.89 after trading as high as $74.44 a barrel --- the highest for a front month contract since Aug. 10, 2006. Brent crude on the ICE futures exchange climbed 22 cents to reach $77.79 a barrel. Earlier, it traded as high as $78.40, just 25 cents below the record intraday high reached in August of last year. OPEC representatives have indicated they have no short-term plans to boost production to ease oil prices.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Larry French was fleet operations coordinator for Farmers Insurance for nearly 30 years

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher