Oil prices reach record high

Oil prices reached another record high today as persistent supply concerns saw the psychologically important 100 US-dollars-a-barrel level come back into view.

Oil prices reach record high
Tue, 06 Nov, 2007 - 16:06

Oil prices reached another record high today as persistent supply concerns saw the psychologically important 100 US-dollars-a-barrel level come back into view.

The cost of light, sweet crude for December delivery soared to 96.44 US dollars a barrel in European electronic trading on the New York Mercantile Exchange – an all-time trading high.

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