Oil Prices Surge

Oil surged Wednesday, rising a remarkable $5 a barrel to a record over $104 after the government reported a surprise drop in crude oil stockpiles and OPEC held production levels steady. Most analysts had expected the Energy Department's Energy Information Administration to report oil supplies rose last week for the eighth straight time. Instead, they fell by 3.1 million barrels. In Vienna, meanwhile, the Organization of Petroleum Exporting Countries said it would hold production levels steady for now.The EIA report and OPEC announcement fed a new frenzy of investing in oil futures, which have risen o new inflation adjusted records this week as the falling dollar drew new investors to the market. The falling dollar is really scary.