Wednesday, January 2, 2008

Oil Hits $100

Oil hits $100 US, Gold Also Sets Record

Oil hit $100 US a barrel for the first time and gold prices broke a 28-year-old record on Wednesday as the bull run in commodities got new wind.Data from the New York Mercantile Exchange indicated the price of the February contract for light, sweet crude oil hit $100 US shortly after noon ET. The price slipped to $99.62 US by the close of trading, up $3.64 US. That broke the previous record of $99.29 US a barrel that was set last November

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