Back Over a Barrel

Cindy Zimmerman

Oil BarrelThis post was on Corn Commentary yesterday:

The price of a barrel of crude shot up to $110.10 today before closing at $100.01, driven by fear despite evidence of good supplies and falling demand, illustrates the tightrope the United States walks in terms of energy security.

A refinery explosion in Texas over the weekend and fear that OPEC will decide to cut back production next month drove prices higher.

Commentary, Ethanol, News