http://www.wmctv.com/Global/story.asp?S=7956194
NEW YORK (AP) - Oil prices surged to a new record high Monday as the dollar weakened to another low against the euro.
Light, sweet crude for April delivery rose $1.93 to $103.77 on the New York Mercantile Exchange after earlier rising as high as $103.95. That's higher than the price of $103.76 that many analysts believe oil hit in 1980, when adjusted for inflation into 2008 dollars.
(more if you can handle it at the link)
NEW YORK (AP) - Oil prices surged to a new record high Monday as the dollar weakened to another low against the euro.
Light, sweet crude for April delivery rose $1.93 to $103.77 on the New York Mercantile Exchange after earlier rising as high as $103.95. That's higher than the price of $103.76 that many analysts believe oil hit in 1980, when adjusted for inflation into 2008 dollars.
(more if you can handle it at the link)