Oil prices nudge new record

Oil prices approached a new record today after news of the death of King Fahd of Saudi Arabia unsettled markets.

Oil prices nudge new record
Mon, 01 Aug, 2005 - 14:00

Oil prices approached a new record today after news of the death of King Fahd of Saudi Arabia unsettled markets.

A barrel of US light crude for September delivery reached 61.23 US dollars as traders fretted over the chances of a policy change in Saudi Arabia – the world’s biggest producer of oil.

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CourtsBusinessHeathrowPlace: Saudi ArabiaPlace: USPlace: IranPlace: Gulf of MexicoPlace: UKPerson: King FahdPerson: Crown Prince AbdullahPerson: Gholam Ali Hadad AdelPerson: EuropeansOrganisation: EUOrganisation: Thunder HorseOrganisation: BPOrganisation: IranOrganisation: OPECOrganisation: FranceOrganisation: GermanyOrganisation: TehranOrganisation: US
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