Wednesday, March 23, 2011

Oil now above $106

NEW YORK (CNNMoney) -- Tensions in the Middle East and Libya show no signs of abating. Japan is dealing with post-earthquake rebuilding and major nuclear issues. And the U.S. is entering prime driving season.

At the same time, crude prices have surged and are now above $106 a barrel - a level not seen since Sept. 26, 2008. Gas prices aren't faring much better. Many drivers are already paying $4 a gallon.

Oil traders are wondering what's next.

http://money.cnn.com/2011/03/23/markets/oil_prices/index.htm

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