by Captain Future
Wed Nov 21st, 2007 at 03:30:23 AM EST
Oil soared to record highs on Wednesday, drawing within a hair's breadth of the $100 milestone as the U.S. dollar plumbed new lows and the onset of cold U.S. weather stirred anxiety over winter supplies.
(The above link is a Yahoo page so it may change.)
A bit more...
U.S. light crude for January delivery surged to a record of $99.29 a barrel early in the session, but pared those gains to stand 61 cents higher at $98.64 by 2:06 a.m. EST.
Prices blasted past the previous $98.62 a barrel record, extending a rally that has lifted oil more than 40 percent since August, as funds buy in on the weakening dollar and concerns that limited OPEC supplies will squeeze winter supplies.
London Brent crude rose 50 cents to $95.99 a barrel.
It's a half hour past midnight here in California, so I'm sure you'll be discussing this here soon.