Wednesday, February 20, 2008

BREAKING: Barrel of oil hits $100.10, closes at $100.01

The closing price for a barrel of oil today was $100.01 and the intra-day high was $100.10. These prices are the highest a barrel of oil has ever traded or closed. No single news event brought the price of oil to these new highs but there are concerns OPEC will tighten supplies next month. We will have more as this story develops.

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