LONDON (Reuters) - Oil jumped over $4 to a new record high near $146 a barrel on Friday, spurred by growing worries of threats to supplies from Iran and Nigeria and a strike of Brazilian oil workers next week.
NVDL: Fundamentally we are faced with global supplies depleting at around 3% per year. Additional production growth needs to offset this, but whatever gains we make are gobbled up by excess demand (from China amoung others - see article below for details on what to do about this problem).
NVDL: Fundamentally we are faced with global supplies depleting at around 3% per year. Additional production growth needs to offset this, but whatever gains we make are gobbled up by excess demand (from China amoung others - see article below for details on what to do about this problem).
 clipped from news.yahoo.com
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