by Calculated Risk on 10/15/2007 03:07:00 PM
Monday, October 15, 2007
Oil futures closed at record $86.13
Click on graph for larger image.
From barchart.com.
This chart tells the what. The question is why?
From MarketWatch: Oil futures probing uncharted territory
Crude-oil futures advanced Monday into uncharted territory ... as the market continued to take momentum from supply concerns due to risks to production in the Middle East and declines in U.S. crude inventories.