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Another Day- Another Record Price For Oil

Published 05/20/08 Economy In Crisis - Print Article
E-mail - editor@economyincisis.org

Source CNN Money:

Oil prices surged to a new trading record above $129 a barrel Tuesday amid continuing concern about global supply.

U.S. light crude for June delivery reached $129.31 a barrel in electronic trading, surpassing the previous intraday mark of $127.82 hit Friday as it smashed through the $128 barrier in a matter of minutes. At 9:22 a.m. ET, the contract was up $1.95 at $129.

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