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23 November 2008 The on-line newspaper devoted to the world of transports 01:08 GMT+1



July 6, 2006

Oil: Prices hit record high on US demand

By Matthew Robinson

NEW YORK - Oil jumped to a record high above US$75 a barrel on Wednesday on strong US demand and ongoing tensions over Iran's nuclear programme.

US crude CLc1 last traded US$1.22 higher at US$75.15 a barrel after hitting a record US$75.40 a barrel earlier on Wednesday. The market was was closed on Monday and Tuesday for the Independence Day holiday. London Brent crude LCOc1 was up US$1.52 at US$74.03 ......
Read more on The New Zealand Herald





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