Oil breaks all-time record

Courtesy CNN Money  Mon, 03/03/2008 - 11:19am

Oil prices hit a new record high Monday of nearly $104 a barrel, breaking what many analysts considered the previous all time high set in the early 1980s as the dollar remained locked in a downward spiral.


Tags:

 

More related items

Record oil prices peeking at $104
Oil reached a historic high near $104 a barrel Monday, surpassing the inflation-adjusted level of the 1980s, as a weakening dollar made crude futures...

A day after big selloff, stocks turn choppy
Stocks erased losses, with investors taking tentative steps back after the previous session's battering, as fears about record oil prices were...

Oil hike sparks 'serious concern'
The US and Asia's four largest economies say record oil prices are a big burden to economies, as G8 energy ministers meet.

Congress' plan won't stop oil's spike
As part of their plan to tame record oil prices, lawmakers are urging the President to stop putting oil in the nation's Strategic Petroleum Reserve....

Rising prices boost Shell and BP
Record oil prices help Royal Dutch Shell and BP to report strong profits for the first three months of 2008.


 

Post new comment

The content of this field is kept private and will not be shown publicly.