Oil price holds steady over $100 mark

Oil prices returned above 100 US dollars a barrel today as traders continued to worry about the prospect of a cut in global production.

Oil price holds steady over $100 mark
Wed, 20 Feb, 2008 - 19:01

Oil prices returned above 100 US dollars a barrel today as traders continued to worry about the prospect of a cut in global production.

The cost of light, sweet crude reached a record 100.40 in New York trading at one point, passing yesterday’s record closing price of 100.01 dollars.

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