How High Will It Go?

May 09, 2008

From the AP:

NEW YORK (AP) -- Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher.

How high will it go? Any one who says they know is not exactly truthful. Why is it going up exactly? Ditto.

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