Oil Hits New High. Dollar Hits New Low.

Courtesy Donklephant  Mon, 03/03/2008 - 2:02pm

More signs that point to the economy being THE issue this fall.

From the AP :

The surging price of oil reached another milestone Monday, jumping to an inflation adjusted record high of $103.95.

The weaker dollar that has propelled oil and other commodities prices higher sent light, sweet crude for April delivery past $103.76 a barrel on the New York Mercantile Exchange.

That’s the level many analysts consider to be the true record high for oil,...



 

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