| From Thestreet.com: Oil prices continued to surge on Tuesday with the escalation of violence in Libya. Brent crude and U.S. oil futures hit two-and-a-half year highs. Notably, oil prices were at their highest levels since the fall of 2008.
For investors, the mere mention of the fall of 2008 could create queasiness in the stomach. It was July 2008 when oil hit a record price of $147, and it was shortly thereafter, in the fall of 2008, that the markets truly collapsed...............................................Full Article: Source
|