Oil at Record High; Dollar at Record Low

On the 20th anniversary of Black Monday, oil prices have set an all-time record at $90 a barrel. That’ll make fuel-sipping concepts being unveiled at next week’s Tokyo Motor Show even more relevant.

The U.S. dollar hit another record low against the Euro and other currencies on fears of an economic slowdown in the U.S.

Posted by Michelle Krebs at 6:18 AM under News | Comments (0) | digg this | Seed Newsvine

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Michelle Krebs Michelle Krebs, veteran automotive-industry authority, joins Edmunds editors, analysts and data experts to provide news and commentary.
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