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2/28 - 18:00 GMT - Six Of World's 11 Oil Benchmarks At Or Above $100 - Upstream Online

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hatrack Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-28-08 01:31 PM
Original message
2/28 - 18:00 GMT - Six Of World's 11 Oil Benchmarks At Or Above $100 - Upstream Online
Edited on Thu Feb-28-08 01:41 PM by hatrack
MARKET DATA Search >> 28 February 2008 18:00 GMT | more prices >> FREE ACCESS


Sales & Marketing
sales@upstream Oil Market nowCrude oil spot prices updated: 28 February 2008 18:00 GMTOpec Basket Price updated: 20 February 2008 21:00 GMTAverage Opec prices updated: 19 December 2007 20:53 GMTAmerican Petroleum Institute statistical summary updated: 27 February 2008 17:41 GMTCrude oil spot prices
updated: 28 February 2008 18:00 GMT
USD/bbl
Name Last Change % Time Prv Cls 1 week 4 weeks 3 months 1 year 3 years
Brent Blend 100.57 1.54 1.53 16:02 99.8 98.63 93.11 93.78 59.98 19.0
Tapis 102.23 -1.77 -1.73 11:02 101.61 101.92 98.06 98.62 66.69 53.7
Alaska North Slope 101.52 1.74 1.71 17:02 101.18 100.01 89.65 92.78 59.51 48.25
Bonny Light 103.02 1.54 1.49 16:02 102.25 101.08 95.46 95.83 62.78 50.45
Dubai 1M 92.66 -2.15 -2.32 27 Feb 92.8 94.14 87.61 89.03 58.33 42.61
Forties 99.97 1.94 1.94 16:02 98.8 98.08 93.01 92.88 60.23 50.5
Louisiana Sweet 104.61 2.09 2 18:02 104.15 103.62 95.69 96.52 62.93 52.3
Minas 97.83 -1.72 -1.76 11:02 97.16 97.47 88.76 96.82 63.04 47.85
Oman 1M 92.23 -1.67 -1.81 11:02 92.71 93.44 89.09 88.44 58.68 43.39
Urals 96.12 1.54 1.6 16:02 95.35 94.23 90.16 90.63 56.18 46.05
WTI 101.62 2.03 2 18:02 100.83 100.86 92.34 94.39 61.46 52.2


Market data provided by Reuters

http://www.upstreamonline.com/market_data/?id=markets_crude
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Dogmudgeon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-28-08 01:37 PM
Response to Original message
1. Looks like a 65% price increase per year at this point.
Feb 2009: $ 165/bbl
Feb 2010: $ 270/bbl
Feb 2011: $ 440/bbl
Feb 2012: $ 740/bbl
Feb 2013: $1200/bbl

Actually, that's almost surely fallacious. Other forces will come into play, like demand destruction ... or economy destruction.

--p!
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