ELK elk petroleum limited
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oil surges to 138 pb dow jones down 403pts

  1. The Ace
    10,004 Posts.
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    07/06/08
    06:10
    Post #: 3828613
    wOw- Oil up $11 to $138.53 per barrel, Oh me Oh my....

    DOW JONES down 403.53 Points. There may be some bargains coming for the ELK. Hold on to your hats.....

    NEW YORK (CNNMoney.com) -- Oil prices shot up nearly $11 a barrel and settled Friday at a record $138.54 - driven by geopolitical jitters, a dollar decline stemming from a weak jobs report and a forecast that oil would hit $150 by July 4.

    Friday's spike in the July contract for light crude on the New York Mercantile Exchange marks the largest singe-day increase in oil prices on record. The contract hit an intraday record of $139.12, breaking the previous trading record of $135.09.
    ELK Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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