At this rate we'll see $200 oil by end of year...
..
..d
Oil futures hit record as euro climbs on Weber remarks
By Steve Goldstein
Last update: 7:04 a.m. EDT March 11, 2008
LONDON (MarketWatch) -- Oil futures hit a record for the fifth
straight day, reaching as high as $109.20 a barrel despite the
International Energy Agency trimming its forecast for world oil
demand. With German Bundesbank President Axel Weber saying a high CPI
leaves no leeway for rate cuts at the European Central Bank, the euro
climbed to $1.5479, helping carry oil along with it. Oil futures were
recently trading up 84 cents to $108.81 a barrel.
http://online.barrons.com/public/page/9_0630.html?mod=topnav
