LONDON (Reuters) - Oil surged to a new record high on Monday of nearly $140 a barrel, propelled by weakness in the U.S. dollar which offset the bearish impact of plans by Saudi Arabia to boost output.
U.S. light, sweet crude for July delivery was up $3.74 at $138.60 a barrel by 1317 GMT, after falling as much as $1.40 a barrel, or about 1 percent, earlier in the session.
U.S. crude set a record high of $139.89 a barrel.
I am tired of recording this.
But I will continue.
Someone needs to show the footprints of our walk into disaster.