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Crude Oil * USA - Hits $100 a Barrel
Crude oil futures hit $100 a barrel Wednesday for the first time, as global petroleum demand continued to outstrip supplies... New York,NY,USA -The Associated Press/ Transport Topics (VA,USA) -2 Jan 2007: -- Benchmark light sweet crude oil futures rose $4.02 to $100 a barrel on the New York Mercantile Exchange, before slipping back under that level... Surging economies in China and India have pushed petroleum prices to record high levels in the past year, and this week's violence in Nigeria, a major oil producer, helped push prices higher... Oil’s previous record closing price was $98.18 a barrel, set on Nov. 23. That was followed Nov. 26 by a record price for retail diesel fuel of $3.444 a gallon... (Photo by Edouard Gluck/Blooomberg News)
Labels: fuel costs
posted by Unknown @ 7:15 PM
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