Gurk!
Moming Zhou with the oil news:
Crude surges to above $120 for first time on supply concerns - MarketWatch: SAN FRANCISCO (MarketWatch) - Crude oil futures surged nearly $4 Monday to above $120 a barrel for the first time on concerns about supply disruptions in Nigeria and weakness in the U.S. dollar. Crude oil for June delivery soared $3.89 to an intraday high of $120.21 a barrel on the New York Mercantile Exchange in mid-morning trading, a new record high for a front-month contract. Nigeria's rebel group Movement for the Emancipation of the Niger Delta, or MEND, said Sunday it was responsible for an attack on a Shell oil flow station in the south of the country, according to media reports.
