A new Goldman Sachs prediction that oil prices could rise to $150 to $200 within two years seemed to motivate much of Tuesday's buying, although a falling U.S. dollar and increasing concerns about declining crude production in Mexico and Russia contributed, analysts say.

Light, sweet crude for June delivery jumped to a new record of US$122.47 a barrel before retreating slightly to trade up $1.29 at $122.26 on the New York Mercantile Exchange.

Isn't Morgan County oil (meo) light, sweet crude?