Crude Oil Almost Hits $110 –

Crude oil almost hit $110 in Friday trading and settled at $109.77 a barrel.  This is the highest level that oil has traded at in the last 9 months.   The conflict with Iran is the driving force behind higher trading prices.  Iran is the second largest oil producing nation in OPEC with an output of 3.5 million barrels a day.

To read a related Wall Street Journal article, please click here:

James Sutliff

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