LightSweetOil.com

Reacting to the increasing conflict between Gaza and Isreal, oil prices rose Monday in Asia.  Arab leaders protested the attacks, including Isreal’s deadliest ever against Gaza’s Hamas leaders on Sunday. Isreal views their actions as a response to rockets being fired into Isreal.  Rockets continue to be fired as Isreal prepares its ground forces.
Isreal-Palestinian conflict may put a quick [...]

A recent low point was reached in January 1999 of $16 (all prices are in US$ per barrel), after increased oil production from Iraq coincided with the Asian financial crisis, which reduced demand. Prices then increased rapidly, more than doubling by September 2000 to $35, then fell until the end of 2001 before steadily increasing, [...]