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Posted Mon May 12 2008: from Forbes (US):
Oil over USD 126, new peak for 5th straight day
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.
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The ApocaDocs say:
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!

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