US oil prices hit 13-year high

US oil prices have hit a fresh 13-year high, edging up toward $40 a barrel as traders remained anxious of a possible sabotage attack on oil facilities in the volatile Middle East.

US oil prices have hit a fresh 13-year high, edging up toward $40 (€32.93) a barrel as traders remained anxious of a possible sabotage attack on oil facilities in the volatile Middle East.

The fears come despite oil cartel Opec saying that its members are still pumping way beyond their quotas.