Don't miss

Replay


LATEST SHOWS

FOCUS

Will Bolivia see a lithium boom?

Read more

MIDDLE EAST MATTERS

Child refugees: Inside Turkey's hidden sweatshops

Read more

ENCORE!

Film show: 'The Red Turtle', 'Camping 3' and 'The Balkan Trilogy'

Read more

FACE-OFF

After Brexit, is a Frexit possible?

Read more

BUSINESS DAILY

Vodafone warns it could move HQ out of UK

Read more

IN THE PAPERS

French people against a 'Frexit' referendum

Read more

MEDIAWATCH

Turkish Airport Blasts

Read more

EYE ON AFRICA

France slammed for support of ex-Chad dictator Hissene Habre

Read more

THE DEBATE

The big breakup: The EU after Brexit

Read more

Crude oil strikes record high price

Latest update : 2008-05-09

Crude oil struck a new record high price during trading in Asian hours on Friday. New York's main oil futures contract reached a record of 124.70 dollars a barrel.

Crude oil struck a new record high price during trading in Asian hours on Friday.

New York's main oil futures contract, light sweet crude for June delivery, reached a record of 124.70 dollars a barrel and was later trading 86 cents higher at 124.55 dollars a barrel.

The benchmark contract closed at a record 123.69 dollars on Thursday at the New York Mercantile Exchange and then soared in after-hours deals to the previous all-time high of 124.57 dollars.

Brent North Sea crude for June delivery was 85 cents higher at 123.69 dollars a barrel.

In London on Thursday the contract crossed 123 dollars for the first time and jumped to a new intraday peak of 123.87 dollars before settling at a record 122.84 dollars.

Oil prices have smashed one record after another in recent days, driven by a variety of factors including an influx of investor funds, analysts say.

Date created : 2008-05-09

COMMENT(S)