![Traders in the crude oil pit of the New York Mercantile Exchange conduct business after the price of oil hit a record high the previous night at $64.27 on August 10, 2005 Traders in the crude oil pit of the New York Mercantile Exchange conduct business after the price of oil hit a record high the previous night at $64.27 on August 10, 2005](https://c8.alamy.com/comp/TYH6AF/traders-in-the-crude-oil-pit-of-the-new-york-mercantile-exchange-conduct-business-after-the-price-of-oil-hit-a-record-high-the-previous-night-at-6427-on-august-10-2005-in-new-york-city-crude-oil-prices-have-since-come-down-a-bit-after-the-us-petroleum-inventory-data-was-released-this-morning-upi-photomonika-graff-TYH6AF.jpg)
Traders in the crude oil pit of the New York Mercantile Exchange conduct business after the price of oil hit a record high the previous night at $64.27 on August 10, 2005
![Traders in the crude oil pit of the New York Mercantile Exchange react as today's numbers are announced on February 24, 2005 in New York City. Crude oil prices rose over concerns Traders in the crude oil pit of the New York Mercantile Exchange react as today's numbers are announced on February 24, 2005 in New York City. Crude oil prices rose over concerns](https://c8.alamy.com/comp/TYH0NA/traders-in-the-crude-oil-pit-of-the-new-york-mercantile-exchange-react-as-todays-numbers-are-announced-on-february-24-2005-in-new-york-city-crude-oil-prices-rose-over-concerns-that-opec-might-curb-production-while-demand-increased-due-to-frigid-weather-in-the-north-upi-photosmonika-graff-TYH0NA.jpg)
Traders in the crude oil pit of the New York Mercantile Exchange react as today's numbers are announced on February 24, 2005 in New York City. Crude oil prices rose over concerns
![Traders conduct business in the oil options pit at the NYMEX after light, sweet crude oil reached a record $102 per barrel as the U.S. dollar tumbles against the euro on February Traders conduct business in the oil options pit at the NYMEX after light, sweet crude oil reached a record $102 per barrel as the U.S. dollar tumbles against the euro on February](https://c8.alamy.com/comp/TYJEHD/traders-conduct-business-in-the-oil-options-pit-at-the-nymex-after-light-sweet-crude-oil-reached-a-record-102-per-barrel-as-the-us-dollar-tumbles-against-the-euro-on-february-27-2008-in-new-york-upi-photomonika-graff-TYJEHD.jpg)