Oil crashes through to new high

Not to worry though because we will probably never again see any more disruptions from hurricanes or whatever, nor hostage situations in Nigeria, new military invasion of an oil country or anything like that and the emerging economies of China and India will likely be reducing their demand. Oh, I almost forgot the other CNBC classic, that one trader wanted to be the first person to touch $100/barrel, but it was all just a gag or a bet between traders. Nothing more than that. Sounds fair enough and why shouldn't we believe them?

What's that? Oil hit $112.48 and we're now looking for the next support level at $115? Won't the strong dollar help? Nevermind.