Crude Awakening: Price of Oil Tops $130 a Barrel [News]

Brace yourselves, drivers. It's going to be a very expensive ride. The price of oil topped $130 a barrel this morning on the world market. Prices then ticked up again following release of a weekly U.S. Department of Energy report, which found that national oil and gasoline supplies were lower than expected last week. At the time of this writing, the New York Mercantile Exchange listed the price of crude oil at $133.58 per barrel. [More]

Read the whole article on Scientific American

More from Scientific American