Drivers beware: Oil at all-time highCrude prices end above $89 for first time on declining dollar and supply fears, while gas prices give up recent resistance and head higher.By David Ellis, CNNMoney.com staff writer October 18 2007: 4:00 PM EDT
NEW YORK (CNNMoney.com) -- Oil prices finished at an all-time high above $89 a barrel Thursday, while the cost of a gallon of gasoline jerked higher. Light, sweet crude for the November contract jumped $2.07 to settle at $89.47 a barrel on the New York Mercantile Exchange, shattering the previous record of $87.61 a barrel reached two days earlier........ http://money.cnn.com/2007/10/01/news/companies/oil_stocks/index.htm?postversion=2007100110 Beware Big Oil stocksSome analysts say there's a good reason shares of oil firms haven't jumped along with crude prices: The price of oil is just too high.By Steve Hargreaves<http://money.cnn.com/2007/10/01/news/companies/oil_stocks/[EMAIL PROTECTED]>, CNNMoney.com staff writer October 1 2007: 10:26 AM EDT NEW YORK (CNNMoney.com) -- With crude prices jumping to record highs, yet the stock of big oil firms rising only modestly, it may be tempting to put money into the energy sector. Some analysts say that would be a bad bet.
