The Car and Truck Fleet and Leasing Management Magazine

Oil Prices Pass $85 a Barrel Mark Briefly

October 15, 2007

NEW YORK --- Oil prices briefly surpassed $85 a barrel today, reflecting concerns that fuel supplies won't be sufficient for the coming winter. According to AP, traders also cited worries about the rising tensions between Turkey and Kurds in northern Iraq.By midafternoon in Europe today, light, sweet crude for November delivery on the New York Mercantile was at $84.78 a barrel in electronic trading. Prices rose as high as $85.20 before retreating. Recent reports have suggested that crude inventories are falling. The International Energy Agency indicated that oil inventories of the world's largest industrialized countries have fallen below a five-year average. What's more, the U.S. Energy Department reported that U.S. oil supplies declined in the week that ended Oct. 5.
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 Fleetmatics will answer your questions and challenges

View All


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All


Sponsored by

former president of McCullagh Leasing and past president and chairman of AALA

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