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Surprise! Oil Prices Shoot Up
http://ap.google.com/article/ALeqM5i5TtajgUpSm7KY5jf-lCJGHBB-tAD8UTJFM00
Oil prices are above $100 a barrel for the first time since January, setting a new record at $100.10.
There was no single driver behind oil's sharp price jump; investors seized on an explosion at a 67,000 barrel per day refinery in Texas, the falling dollar, the possibility that OPEC may cut production next month, and continuing tensions between the U.S. and Venezuela.
Associated Press; February 19, 2008
Submitted by B. Shapiro
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