Oil Prices: A Broken Record -- Literally
By Michelle Krebs April 16, 2008Itâs beginning to sound like a broken record playing over and over again: oil struck a new high Wednesday â above $114 a barrel -- $114.41 to be exact. The price is more than three times the average price of 2002, when oilâs rally began, Reuters reported.
Another oft-repeated refrain: the U.S. dollar was headed toward a record low against the euro Wednesday on news of disappointing quarterly earnings announcements by major U.S. corporations.
LEAVE A COMMENT