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/ 5 May 2008

Oil price crosses $120

Oil jumped more than to strike a record over a barrel on Monday on the weaker dollar and supply concerns from Organisation of the Petroleum Exporting Countries members Nigeria and Iran. United States crude gained ,37 to trade at ,69 at 3.55pm GMT, after surging to ,21 earlier.

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/ 2 November 2007

Oil prices resume climb

Oil prices resumed their climb on Friday after a decline in the previous session prompted new buying amid expectations that crude futures would continue to test new records because of tight supplies. Light, sweet crude for December delivery rose by 41 cents to ,90 a barrel in electronic trading on the New York Mercantile Exchange.

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/ 19 October 2007

Oil prices cross $90 for first time

Oil prices have surpassed a barrel for the first time as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures. Light, sweet crude for November delivery hit ,02 in electronic trading late on Thursday evening before returning to about ,60.