Oil prices stay near record highs

Oil prices remained near to record highs today after closing above US$100 a barrel for the first time in New York last night.

Oil prices stay near record highs
Wed, 20 Feb, 2008 - 08:10

Oil prices remained near to record highs today after closing above US$100 a barrel for the first time in New York last night.

Speculation that Opec will reduce output caused the main contract for light, sweet crude oil to finish at an all-time high of US$100.1, having peaked at US$100.1 earlier in the session.

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