Oil Reaches Highest Since 2008 on Fears of Mideast Export Halt

Crude oil touched $100 a barrel for the first time since 2008 today before settling at $98.10 at the close of New York trading on concerns that turmoil in Libya may halt exports. Economists are concerned that surging prices could adversely affect consumers and possibly devastate an economy that's gaining traction after more than two years in the doldrums. Daniel O'Connell, vice president of energy at MF Global, said if gas prices continue to accelerate ahead of May, when "driving season" picks...Full Story
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