The Car and Truck Fleet and Leasing Management Magazine

Price of Crude Oil Might Reach $100-A-Barrel Mark This Week

November 05, 2007

NEW YORK --- Some energy market experts are saying that this may be the week that the price of crude oil hits the symbolic $100 a barrel mark.In fact, the Wall Street Journal reported that some market watchers believe that prices this week could eclipse the inflation-adjusted record of $101.70 reached in April 1980.On Friday, the front-month December crude contract on the New York Mercantile Exchange settled at $95.93 a barrel. But how long crude prices will stay that high remains a subject of debate.
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