Oil Hits $105 as Iran Shows No Signs of Backing Down
Brent crude oil prices top $105 a barrel as rising tensions in the Middle East heighten concerns about global supplies. US gasoline prices hit a record over the Labor Day weekend. Bloomberg's Michael McKee has the data. Mike Reid of RBC says this all puts the Fed in a tough spot. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
