oil reached another record on the New York Mercantile Exchange, closing at
Once again, experts noted that concerns about threats to the
steady flow of oil had forced a higher price for crude.
Associated Press reported that at one point during the day’s trading
Wednesday, the price rocketed over $54 a barrel.
Oil experts cited in media reports were particularly
concerned that the world’s “buffer,” the amount of crude on hand, is too small
to cope if the world’s supply is disrupted in any way.