Oil Prices at $126 …. An increase of 11% since the beginning of this month alone

NEW YORK May 10, 2008  9:50 GMT - American Light Crude Oil touched US$ 126 a barrel yesterday, setting a new record price for oil.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

This marks an increase of 25% since the start of this year, and 11% increase since the beginning of this month.

I think we will see the $200 price sooner than expected.