Over A Barrel By INVESTOR'S BUSINESS DAILY
Crude futures topped the symbolic century mark on the New York Merc on Wednesday as worldwide demand continues to climb and instability in Pakistan and oil-producing countries such as Nigeria creates uncertainty about supplies.
Oil is now within reach of the inflation-adjusted high of $102 set in April 1980 in the wake of the Iranian revolution and amid Carter-era solutions such as windfall profit taxes and price controls.
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