Oil Hits Record High - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Oil Hits Record High

Crude oil is now at nearly 140 dollars a barrel... A record high. The price of oil rose more than 11 dollars today.. And sent stocks plummeting.

In fact the Dow Jones closed nearly 400 points below today's start.

Experts say the possibility of energy prices going higher had some pulling their money out of stocks...all in fears the rising costs could crush consumers and slow the economy even more.

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