$140 Oil
Oil hit another record high of $139.89 today, even after news of Saudi Arabia’s plans to increase output.
“Oil has doubled in the last year and risen 40 percent since the start of this year, boosted by expectations that supply will struggle to meet demand from newly industrializing countries such as China and India.
“The weak U.S. dollar and investment inflows have contributed to oil’s advance to a record of nearly $140 a barrel this month.”