Markets are jittery today. Previous post on peak fuel prices should have held true. Prices will probably rise at a swift pace if panic overtakes the market.
Will have to analyze factors that are in play and previously were not included in previous post.
VIA - MSNBC
Oil rises more than $10 to record high
Some analysts forecast price could hit $150 a barrel by Fourth of July
NEW YORK - Oil prices shot up more than $11 to a new record above $139 Friday after Morgan Stanley predicted prices would hit $150 by the Fourth of July.
Analysis and posts are forthcoming as new information becomes available regarding this important story.
Also reported today was that US Unemployment rose to 5.5% for May. It was 5.0% in April and it was expected to rise 0.1%. See link for more details.