The Rising Price of Oil: How High is Up?

The Rising Price of Oil: How High is Up? June 27th, 2008 The price of oil continues to skyrocket with no clear end in sight: NEW YORK (CNNMoney.com) â€" Oil prices touched a record high above $142 a barrel Friday, before easing a bit, prompting several analysts to predict that the market is headed for an even greater milestone: $150. At 11;14 a.m. ET, light, sweet crude was up 70 cents to $140.34 a barrel on the New York Mercantile Exchange. The front-month contract had hit an all-time high o