It's Another Crude Record!

It seems almost cliche to say that crude oil has reached another all-time high record, but such is the case in trading tonight, reaching a new high of $112.48. The G7 summit's inability to halt the falling US Dollar is pushing commodity prices higher again, with anticipation of higher prices pushing crude oil higher still. Grains are trading modestly higher tonight also, with rice reaching two new records in the last two days. The broad-based GSCI Commodity Index futures are also nearing their all-time record high.