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Posted Mon May 12 2008: from Forbes (US): Oil over USD 126, new peak for 5th straight day http://apocadocs.com/s.pl?1210561370 Oil prices leapt to a new peak of more than $126 a barrel on Friday, hitting a record for the fifth straight session, in a market given an additional spur by tight supplies of diesel. U.S. crude for June delivery rose $1.87 to $125.56 by 1335 GMT, off a record high of $126.20 a barrel. London Brent crude rose $2.81 to $125.65 per barrel. "I'm not particularly surprised by the speed of the rise in crude. There are many market bulls hoping for prices to rise heading into the summer," said Tetsu Emori, fund manager at Astmax Co Ltd in Tokyo. [Read more stories about: oil issues] New!: No reader quips yet -- be the first! Got a PaniQuip? Your Quip (limit 140 characters, no links, just wit): First name: The text shown in the Web image to the right: We reserve the right to reuse, remove, or refuse any entry.

The ApocaDocs say: EX-cellent! I'm thrilled the market wants to suck more money, from me to Big Petro, while continuing to encourage me to consume. Glad to help the oil speculators! NEXT> More stories: S. Korea to ban import of Japanese potatoes Antibiotics rule pharma retail market (Oil over USD 126, new peak for 5th straight day) Will giant vegetables help solve world food shortage? Kansas group appointed to look at climate change Want to explore more? Try the PaniCloud!

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