Oil Prices Hit All-Time High

Courtesy NPR Programs: Morning Edition  Tue, 03/04/2008 - 5:00am

Oil has hit a true record, with crude oil futures briefly hitting $103.95 a barrel Monday. That's higher than the inflation-adjusted record set in April 1980.

Prices eventually settled Monday at $102.45 a barrel. A weakening dollar is partly responsible, as investors pour their money into hard assets like oil.

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