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Crude all time high of $138/bbl
by Anup Saxena on Jun 07, 2008 02:37 PM

"We all know that oil recently touched an all-time high of $135 per barrel. But, true to form, the Manmohan Singh [Images] ministry announced the hike in prices when, on Wednesday the fourth of June, prices had fallen to $123 a barrel. Talk about bad timing!"

Well it again closed at $138/bbl yesterday. Very poorly timed article. Unfortunately the world today is left to speculator's whims and vagaries - be it food or fuel...

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Where is the money going?