Oil prices hit record $66 a barrel
The new record of exactly $66.00 per barrel puts the price of oil at more than double the price immediately after the September 11 attacks on New York and Washington. Oil prices have soared more than 50% since January, when barrels were on offer for $43.
Hectic trading saw prices smash through the $65 barrier in early trading on New York’s NYMEX exchange yesterday, hitting a high of $65.40. Prices then eased to $64.45 before bouncing back into record territory last night. In London, the price of benchmark Brent crude oil reached an all-time peak of $65.66.
