For the second time this week, crude oil set a new record high closing, settling at $113.79 a barrel Tuesday, up $2.03 from Monday's record close of $111.76.
In electronic trading early Tuesday morning, light, sweet crude for May delivery touched a new trading high of $114 a barrel. That's nearly $2 more than the previous intraday high of $112.21 set April 9.
Analysts attribute the latest surge in crude prices in part to weakness in the U.S. dollar. They say as the dollar continues to lose ground against the euro, many investors are flocking to commodities such as oil and gold to preserve the value of their assets.
There will soon be a whole lot of shakin’ going on at Benny’s Sportshack Supplement Depot, a new concept by Opelousas native Benny Nele. Located at 2002 Johnston St., the supplement shop, smoothie bar and café, featuring hot off the press paninis and wraps, plans to open in late May.
Philip deMahy Sr., a once respected New Iberia ad exec, was sentenced May 2 to spend the next two years (he faced up to 100 years) in a state penitentiary after state and federal investigators found dozens of images depicting children engaged in lewd sexual acts on his personal computer.