Oil Prices Climb To Yet Another High

AP:

Oil prices climbed to a fresh high above $81 a barrel amid hopes that the U.S. Federal Reserve will cut a key interest rate later Tuesday, a move the market believes would bolster the economy and strengthen petroleum demand in the world's largest energy consumer.

Investors expect the Fed to cut the benchmark federal funds rate at least a quarter point to 5 percent to ease pressure on the U.S. credit market.

Read the whole story: AP