Jonathan Singer: This can't help the President

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Friday, October 22, 2004

This can't help the President

The Dow Jones industrial average skidded Friday to a new low for the year when crude oil prices reached another all-time high.

After banging in to the $55 a barrel barrier repeatedly this week, crude oil broke through, closing above that point for the first time. At $55.17, crude climbed 70 cents during the day's trading on the New York Mercantile Exchange.

Link.

I can't imagine Karl Rove is so happy about this...

Posted by: Jonathan Singer / 2:41 PM | Basie! Home