Crude oil surges to record $97.45 a barrel in after hours

[UpInArms]

Source: CBSMarketwatch

HONG KONG (MarketWatch) -- Crude oil for December delivery climbed $0.75 to a record $97.45 a barrel in after hours trading Wednesday, adding to strong gains in the previous session that saw the energy contract into record territory Tuesday. During Tuesday's session the front-month crude oil contract closed at a record $96.70 a barrel and touched an intraday all-time high of $97.10, after forecasts showed U.S. crude inventories may fall for a third week and as the dollar fell to a new low against the euro.

Read more: http://www.marketwatch.com/news/story/crude-oil-surges-record-9745/story.aspx?guid=%7BFCC3ECCB%2D6711%2D43C7%2D9D10%2D8DCA2CD1A064%7D&dist=hplatest

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the dollar continues to drop

http://quotes.ino.com/chart/?s=NYBOT_DX&v=i

Last trade 75.984 Change -0.030 (-0.04%)

Settle Time 15:01 Open 75.999

Previous Close 76.452 High 76.020

Low 75.976 2007-11-06 20:42:22, 30 min delay

52wk High 85.73 52wk High Date 2006-11-07

52wk Low 76.22 52wk Low Date 2007-11-02