Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Gambian citizens flee ahead of Barrow inauguration

Read more

MEDIAWATCH

Trump will still tweet from personal Twitter account as President

Read more

FRENCH CONNECTIONS

Population studies: France's 'ethnicity' taboo

Read more

THE DEBATE

Brexit's Biggest Fan: Trump weighs in ahead of Theresa May speech (Part 1)

Read more

THE DEBATE

Brexit's Biggest Fan: Trump weighs in ahead of Theresa May speech (Part 2)

Read more

ENCORE!

Posy Simmonds: 'French women have good handbags, English women have udders'

Read more

FOCUS

Security stepped up in Italy amid terror threat

Read more

ENCORE!

Music producer Uppermost: From the courthouse to the club

Read more

TALKING EUROPE

Bulgarian president-elect hopes for lifting of Russia sanctions

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)