The Car and Truck Fleet and Leasing Management Magazine

Oil Prices Linger Near 11-Month High

July 09, 2007

NEW YORK --- The price of crude-oil futures remained near an 11-month settlement high early today, the Wall Street Journal reported. The front-month August light, sweet crude contract on the New York Mercantile Exchange reached $72.68 a barrel after falling as low as $72.01 in early electronic trading. Prices closed Friday at $72.81 a barrel. That's the highest price for a most-active contract since Aug. 15 of last year. Brent crude on the ICE futures exchange climbed 27 cents to $75.89 a barrel, the Wall Street Journal reported.Unrest in Nigeria has increased concerns over supply at a time when the U.S. is experiencing refinery problems and facing increased tensions with Iran. Last night, hours after a three-year-old British girl was freed by kidnappers in Nigeria, four more people were abducted in the Niger Delta.According to Reuters, gunmen attacked oil workers while they were repairing an oil pipeline that had been repaired on July 2 after being sabotaged in 16 different places in 60 days. Nigerian oil production is currently down more than 20 percent because of militant attacks on oil facilities.
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.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

During her 18-year career with PHH, Patsy Mance worked in a variety of positions at the Hunt Valley, Md., headquarters office until 1974, when she was promoted to account executive and assigned to a field position in New York City.

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