Run Your Car On Water Blog

Jump to Comments Five-year U.S. crude oil futures at record $30 premium LONDON (Reuters) - U.S. crude oil futures for delivery in January 2014 are trading at a record $30 premium to current contracts, as investors bet that the long-term trend toward higher prices will remain intact despite oil's slump to $50 a barrel. U.S. crude oil futures -- the global benchmark for oil prices -- have collapsed by almost $100 a barrel since hitting an all time high above $147 a barrel in July. On Friday, U.S. crude for del