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Oil has traded at $100 a barrel for the first time.
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Old 01.05.2008
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Oil has traded at $100 a barrel for the first time.
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Oil price at record $100 a barrel

Politics Oil prices have doubled from $50 a barrel in January 2007

Oil has traded at $100 a barrel for the first time. Violence in Nigeria, Algeria and Pakistan, the weak US dollar and the threat of cold weather have all raised prices after the new year break.
Light sweet crude rose $4.02 to $100 a barrel in New York, prompting a drop in shares and a surge in gold prices.
There are concerns that the high price of oil will stoke inflation at a time when many central banks are trying to cut interest rates to stimulate growth.


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Old 01.05.2008
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I saw that AND our darn gas went straight up from $2.95 to $3.10 real fast like, sheesh.
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I,m afraid its only gonna get worse,Wise!
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I heard that $4 per gallon by the fall.
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