Oil: all time high nears $140/barrel

| June 6, 2008

Crude oil is trading up more than $11/barrel to a record high on a weak dollar do to surprising U.S. unemployment numbers. The number had the strongest rise in 2 decades and analysis at Morgan Stanley suggests prices may reach $150 within a month. Oil is “being used as a hedge by speculative buyers for […]

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Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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