Oil prices peak again
Now over US$127 per barrel
As if we weren't bored hearing about oil prices, BBC News Online is reporting that the commodity is now over US$127 a barrel, an all-time high.
Oil prices have hit a record high above $127 a barrel on speculation that China will
With more energy needed to rebuild areas devastated by the earthquake earlier this week, US light sweet crude jumped to $127.43 a barrel.
The BBC also reports Goldman Sachs forecasting that oil would reach US$141 a barrel later this year.