Fresh Fears in Oil Amid Saudi Attacks

Terrorist attacks in Saudi Arabia scared the price of oil futures up 43 cents to 54.63 in early trading for light sweet crude in New York. London felt the same fears as Brent crude climbed 55 cents to $54.56 a barrel.

Oil Price Leap Beyond $55

Oil prices leapt beyond the $55 mark today debate over reasons continue. With demand expected to reach 85 million barrels a day world wide, speculation on where oil prices will hit a ceiling remains high.