Oil prices rise above $114 a barrel

Crude oil prices rose to a new record above $114 (€71) a barrel today as investors opted for commodities over a weaker dollar.

Wed, 16 Apr, 2008 - 14:38

Crude oil prices rose to a new record above $114 (€71) a barrel today as investors opted for commodities over a weaker dollar.

Light, sweet crude for May delivery reached $114.53 in electronic trading on the New York Mercantile Exchange before falling back slightly.

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