Financial

So oil hit $100 a barrel recently, for the first time ever. In less than two weeks, we've surged past to $110. The fuel on this fire is speculation. With inflation kicking in, investors are looking to anything but stocks, bonds, and fixed assets to throw money at. Tangible property like oil and gold are the 'in' thing. Having broken the psychological $100 threshold, there is little stopping investors from bidding up the price.