Oil, $126 a barrel and climbing

Crude oil for June delivery rallied to a record high of $126.20 a barrel this morning.
Another factor supporting very high oil prices is overall weakness in the U.S. dollar. The greenback fell against other major currencies, with the dollar index dropping 0.4% to 73.14. Oil does have the "momentum" to near $200 a barrel? 24/7 Wall Street reported this morning that OPEC will increase production. (24/7 Wall street link)
MPM