9:34 a.m. EST, CNBC: OPEC says it can't do much to bring oil prices down.
Hmmm.
WTI oil is now up another 20 cents on already record prices. And the market in general is up quite nicely.
10:02 a.m. EST, I missed it, but CNBC said WTI oil went over $109 for a moment; it's back under $109 right now. Again, President Obama has reassured Americans. When oil was at $107, he said during his energy security speech that another $10 in the price of oil/bbl translates to only 25 cents/gallon for gasoline. When gasoline is at $3.50, another $25 cents is manageable, at least according to the president.
