Oil at US$100/barrel

Welcome to the new year with oil price record at US$100/barrel.

A peek at past highs since 2004:
(1) 18 Oct 04: US$55.67 - Worries of low stockpiles in US b4 winter
(2) 29 Aug 05: US$70.85 - Hurricane Katrina severely disrupted production
(3) 15 Jul 06: US$78.40 - Tension in the M.East
(4) 01 Nov 07: US$96 - Worries abt tight global supplies, and tensions btw Turkey & Iraq
(5) 02 Jan 08: US$100 - Higher global fuel usage and unrest in Nigeria

* AsiaOne-Oil , CNBC-Oil *

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Joker? ... ... Lone Trader Caused $100 Price for Oil