RE: Price of gas in your area....
Oil's 2-day surge tests record
Futures skyrocket $11 on a sliding dollar and a Morgan Stanley report predicting $150-a-barrel oil.
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[/align]New YORK (CNNMoney.com) -- Oil prices surged for the second straight day, rising at one point to within 41 cents of the all-time intraday record, on a dollar decline that stemmed from a weak jobs report and a forecast of $150-a-barrel oil.
[/align][/align][/align][/align]At 10:46 a.m. ET, the July light crude contract was up $6.07 to $133.86 a barrel on the New York Mercantile Exchange. The contract rose as high as $134.68, testing the $135.09-a-barrel trading record set May 22.
The contract has risen more than $11 in the past two days after hitting an intraday low of $121.84 a barrel Wednesday.
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