My last entry in series was over two weeks ago.
Oil futures surged $10.75, or 8 percent, to $138.54 a barrel on the NYMEX.
Here is what New York Times has to say:
Oil Prices Skyrocket, Taking Biggest Jump Ever
http://www.nytimes.com/2008/06/07/business/07oil.html?_r=1&hp=&adxnnl=1&oref=slogin&adxnnlx=1212783157-jpsCNQJ4JKCCOCbF3zLqiw
Oil prices had their biggest gains ever on Friday, jumping nearly $11 to a new record above $138 a barrel, after a senior Israeli politician raised the specter of an attack on Iran and the dollar fell sharply against the euro.
The unprecedented gains on Friday capped a second day of strong gains on energy markets, and fueled suspicions that commodities might be caught in a speculative bubble.
DOW JONES industrial index tumbled today by almost 400 points
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