Another record: Oil above $112 a barrel
NEW YORK (AP) - April 9, 2008 A government report that oil and fuel supplies were lower than
expected last week gave crude a push past its latest milestone. But
months of buying by speculators and by investors seeking refuge
from a falling dollar have also lifted oil to its new heights.
Light, sweet crude for May delivery has traded as high as
$112.16, surpassing the previous trading record of $111.80 set ast
month.