Bloomberg.com: Commodities
Sept. 22 (Bloomberg) -- Crude oil climbed more than $24 a barrel, the biggest gain ever, as the dollar weakened the most against the euro since January 2001, boosting the appeal of commodities as a hedge. ... Crude oil for October delivery rose $23.95, or 23 percent, to $128.50 a barrel at 2:23 p.m. on the New York Mercantile Exchange. Futures climbed as much as $24.33 to $128.88 a barrel, the highest since Aug. 28. The October contract expires today. The more-active November contract rose $6.65, or 6.5 percent, to $109.40 a barrel.
Sept. 22 (Bloomberg) -- Crude oil climbed more than $24 a barrel, the biggest gain ever, as the dollar weakened the most against the euro since January 2001, boosting the appeal of commodities as a hedge.
...
Crude oil for October delivery rose $23.95, or 23 percent, to $128.50 a barrel at 2:23 p.m. on the New York Mercantile Exchange. Futures climbed as much as $24.33 to $128.88 a barrel, the highest since Aug. 28.
The October contract expires today. The more-active November contract rose $6.65, or 6.5 percent, to $109.40 a barrel.
Someone tell me seriously that this price isn't being driven by a speculative bubble.
