Oil prices continue to skyrocket like a titan rocket this as demand heats up, production has no real growth right now and worldwide demand continues to shoot through the roof. The price hit $60.85 in morning trades on the New York Mercantile Exchange. The new high continues to move up as all industry watchers speculate about where the price is going to peak. With consumption continuing to climb in both the U.S. and abroad, traders are terrified producers won't be able to meet demand in the coming months.
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