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Oil Breaks Record, Climbs Above $141

Weak dollar sends investors into crude

By the Associated Press

Posted Jun 27, 2008 7:27 AM CDT

(AP) – Oil prices climbed above $141 a barrel in Asian trading today—another record—as the dollar's protracted slump prompted investors to flock to oil as a hedge against inflation. Prices also were lifted yesterday after OPEC's president said crude prices could go higher than $150... Read full story »

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Oil Breaks Record, Climbs Above $141

Weak dollar sends investors into crude

oil • broken records • oil price • crude oil

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More Newser Stories

Rogue Trader Shocks Oil Market

Crude hits highest level in a year on unauthorized trades

Oil Tops $130

Supply concerns drive crude

'Super-Spike' Could Drive Oil to $200

Experts say $150 or more isn't out of the question as world demand grows.

Oil Gushes to Record $105.96

A weakening dollar and falling inventories of oil are pushing crude prices up

$100 Oil Fuels Recession Fears

Speculation is driving oil up, and that's a concern for consumers, economists

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