Oil Hits $97 on … You Know, Stuff

Crude oil futures hit $97 today on its seemingly inexorable march to $100. Partly driven by the ever-weakening U.S. dollar, but the other culprit — markets always find one of those — was a rapidly strengthening North Sea storm that is threatening ship-flipping 35-foot waves, and is forcing oil companies to abandon some rigs.

Nice figure follows of significant wave height forecasts for the North Sea later this week. Dark blue is bad, but things settle down very quickly by Friday.

[via MUMM]

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