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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (373550)3/11/2008 7:39:56 AM
From: Road Walker  Read Replies (1) of 1572958
 
Oil reaches new trading high 24 minutes ago


Oil prices are at an all new trading high, reflecting an anemic dollar that continues to plunge.

Light, sweet crude for April delivery has surged to $108.41 in early European electronic trading on the New York Mercantile Exchange before dropping back by noon to $108.31. That is still 10 cents above the previous trading high set on Monday.

The International Energy Agency is warning that there is unlikely to be much relief from current high oil prices because of brisk demand in China and other emerging markets.
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