Oil Surges to New Record

istockphoto.com

Crude leaps more than $10 a barrel to $138 and change– the most ever.

Analysts predict that prices could hit $150 by July 4.

Meanwhile, the Dow plummets some 400 points, or 3%.

Related Topics: News
  • Tweets

    View More Tweets From @TIME

Your browser, Internet Explorer 8 or below, is out of date. It has known security flaws and may not display all features of this and other websites.

Learn how to update your browser