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The cost of a barrel of oil surged to yet another record high Wednesday as the dollar dropped and inventories fell.
Benchmark contracts for light sweet crude oil rose $2.37 to $110.87 a barrel in New York. Earlier in the session, the price hit $112.21, its highest level ever.
The iPath Crude Oil(OIL Quote) exchange-traded fund, which tracks the price of crude, was jumping 2.6%. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.01 |
Oil *
78.55
|
|
UP
34.92
|
UP
4.14
|
UP
6.16
|
DOWN
0.30
|
10 Yr
3.20%
SPDR Gold
115.65
|
|
+0.34%
|
+0.38%
|
+0.29%
|
-0.93%
|
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