{"id":1831,"date":"2005-04-02T06:57:04","date_gmt":"2005-04-02T12:57:04","guid":{"rendered":"http:\/\/blog.kir.com\/?p=1831"},"modified":"2005-04-02T06:57:04","modified_gmt":"2005-04-02T12:57:04","slug":"oil_prices_hit","status":"publish","type":"post","link":"https:\/\/blog.kir.com\/?p=1831","title":{"rendered":"Oil prices hit record highs"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" alt=\"traders150-pa.jpg\" src=\"http:\/\/blog.kir.com\/archives\/traders150-pa.jpg\" width=\"150\" height=\"180\"  style=\"FLOAT: left\" hspace=\"5\"  vspace=\"2\" \/>Oil prices <strong><a href=\"http:\/\/www.nytimes.com\/2005\/04\/02\/business\/02oil.html?ex=1270098000&#038;en=7fbca84ae6cd99ba&#038;ei=5090&#038;partner=rssuserland\">climbed to record highs<\/a><\/strong> Friday on mounting concern about limited supplies.<br \/>\nCrude futures for May delivery on the New York Mercantile Exchange settled up $1.87 at $57.27 a barrel. That price is a new record closing price, beating the old record of $56.72 a barrel of a couple of weeks ago. Adjusted for inflation, Friday&#8217;s closing price close is the highest since Oct. 11, 1990 when Nymex crude closed at $40.42, which is equal to $58.18 in today&#8217;s dollars. Nymex crude would still need to reach $90 a barrel to beat the inflation-adjusted high price that was established in 1980.<br \/>\n<strong><a href=\"http:\/\/www.forbes.com\/static_html\/oil\/2004\/oil.shtml\">This Forbes graph<\/a><\/strong> provides an instructive overview of oil prices over the past 150 years. The last 30 years of oil price fluctuations has been quite a ride.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed to record highs Friday on mounting concern about limited supplies. Crude futures for May delivery on the New York Mercantile Exchange settled up $1.87 at $57.27 a barrel. That price is a new record closing price, beating &hellip; <a href=\"https:\/\/blog.kir.com\/?p=1831\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5,20],"tags":[],"class_list":["post-1831","post","type-post","status-publish","format-standard","hentry","category-business-general","category-economics-energy-prices"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2QmKc-tx","jetpack_likes_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.kir.com\/index.php?rest_route=\/wp\/v2\/posts\/1831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.kir.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.kir.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.kir.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.kir.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1831"}],"version-history":[{"count":0,"href":"https:\/\/blog.kir.com\/index.php?rest_route=\/wp\/v2\/posts\/1831\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.kir.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.kir.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.kir.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}