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  • Washington Sleeps As Oil Prices Stir

    06/11/2009 5:16:54 PM PDT · by WhiteCastle · 19 replies · 1,361+ views
    IBD Editorials ^ | June 12, 2009 | Editorial
    Energy: Will oil hit $250 a barrel? The Russians think so, as crude prices climb to an eight-month high. Meantime, House Republicans advance a plan to help the administration keep a domestic energy promise.The cost of July deliveries of crude bounced over $73 Thursday as the American Petroleum Institute reported shrinking U.S. inventories as the dollar weakens against the euro. Alexei Miller, chairman of the Russian energy giant Gazprom, is repeating his prediction of a year ago that oil may eventually reach the $250 mark.