LOCAL 8 WEATHER ALERT: Saturday...Mostly cloudy, A.M. showers, P.M. strong to severe storms, large hail, golfball to baseball size possible, damaging winds, gusts 70-80 mph possible, isolated tornado.
BANGKOK, Thailand (AP) -- Oil prices have surged above $143 a barrel for the first time ever today.
Light, sweet crude for August delivery rose $3.46 to $143.67 a barrel in electronic trading on the New York Mercantile Exchange, by midday in Europe.
On Friday, oil spiked to $142.99 a barrel in New York, though it closed at $140.21.
Expectations of a weaker dollar have investors turning towards dollar-denominated oil futures as a hedge against inflation.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.