Thread: $80 oil is back. Is that good or bad?

Crude Oil Rises, Poised for Weekly Gain, on Signs of Recovery By Yee Kai Pin and Ben Sharples http://www.bloomberg.com/apps/news?pid=20601072&sid=amCqdLSydnsM Nov. 6 (Bloomberg) -- Crude oil rose in New York, poised for a weekly gain, on optimism fuel demand will increase amid improved prospects for an economic recovery in the U.S., the world's biggest energy consumer. Oil rebounded from last week's 4.4 percent decline after...

The Peak Oil Crisis: $80 a Barrel By Tom Whipple Wednesday, 28 October 2009 15:42 Last week oil broke out of a months-long trading range and surged to $82 a barrel. For many of us who remember $140 oil from the summer of '08 this might not sound impressive until you are reminded that every time oil (adjusted for inflation) broke $80 a barrel some sort of economic recession occurred. In the wake of the breakout to the upside, the...

* Partying intensity rises a few notches this year * Expansion plans, recovery signs lift sentiment * Oversupply of crude, distillates muddy outlook By Jennifer Tan SINGAPORE, Nov 6 (Reuters) - Merry-making at the annual bash for Asia's oil traders notched up this year, lifted by signs of recovery and rising crude prices, but the carousing failed to mask an outlook clouded by chronic oversupply. Recent signs of an industry comeback have...