Tuesday, February 22, 2011

Price of WTI Crude Oil Jumps 9.22% -- February 22, 2011

I don't think we will see this again any time soon: the price of WTI crude oil jumps 9.22 percent in one day. You may want to take a photo of the graph on the sidebar at the right.

This occurred during the situation in Libya with widespread calls for the removal of their leader, Moamer Kadhafi.

The price of WTI crude oil rose soared from $86.20 to $94.15 on Tuesday, February 22, 2011. The previous day, Monday, was a US holiday, markets were closed but there was electronic trading in the oil market.

The New York Stock Exchange suffered a 180-point drop.

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