Oil Falls Below $63 on Iran's Release of Britons, U.S. Supplies

www.bloomberg.com 10/4/2007


High tensions in Iran and the middle east have caused oil barrels to rise at record prices.
Oil prices have falled only due to the release of britons, thus easing tensions so far.
i feel that the US has been constantly brewing trouble between the middle east
countries, consequently causing itself to lose billions of dollars due to due to high oil prices
and reinforcing more US soldiers to the middle east. With the new nuclear plant program well in place,
i believe the tensions will likely to continue and oil prices will start to hit an all time high again.