In economic news, the price of oil has topped a new high of $126 a barrel. Anthony Grisanti of GRZ Energy says the price of oil could continue to rise.

Anthony Grisanti: “There are some factors that could cause it to go to $150 a barrel. Number one is, we haven’t even talked about hurricane season, which is going to hit us in another month, and we’ve been lucky for two years. One hasn’t hit the mainland. If one happens to get into the Gulf and starts hitting these oil-producing facilities, things like that, we could easily see $150 a barrel.”