Tuesday, March 18, 2008

Oil prices spike to all time high as dollar and stock market plunge

Oil prices have spiked to an all time high- spiking past US$111 per barrel in Asia. Light, sweet crude for April delivery rose to a record US$111.42 a barrel, but later slipped to US$111.10. This hike continues to be prompted increasing investments in commodities as the US dollar continues to slip and the stock markets continue plunging.
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