The Car and Truck Fleet and Leasing Management Magazine

Oil Prices Dip Today After Passing $90/Barrel Mark on Friday

October 22, 2007

LONDON --- Oil rose above $90 a barrel on Friday, but was trading lower today as many investors opted to cash in their gains amid a decline in the European equity markets. By early afternoon in London, London's benchmark Brent crude contracts for December delivery were down $1.04 at $82.75 per barrel. At the same time, New York crude contracts for November delivery, which expire today, dipped $1.20 to land at $87.75 a barrel, Thomson Financial reported.But analysts said tensions between Turkey and Kurds in northern Iraq, the continued weakness in the U.S. dollar, and supply concerns are combining to keep prices at a high level in the near term, Thomson Financial said. According to the Wall Street Journal, crude oil prices have surged 13 percent in the past nine trading days.
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

Sam Penn contributed significantly to the growth of fuel and vehicle management services and PHH's domestic vehicle management services.

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