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Wednesday, March 12, 2008

Gas Prices Climb!

Great news today...(Just kidding)
Oil Prices Top $110 On DollarWeakness
Crude-oil futures hit another all-time high, shrugging off U.S. data showing a larger than expected increase in petroleum stockpiles as oil continues to rise on the weakening dollar.
Light, sweet crude for April delivery climbed $1.10 to $109.85 a barrel, before retreating to $108.85 a barrel. The previous intra-day record was set Tuesday at $109.72 a barrel. Brent crude on the ICE futures exchange was trading 27 cents higher at $105.52 a barrel.



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