Monday, April 21, 2008

Oil prices cross 116 dollars a barrel in International market


NEW YORK: Crude oil prices crossed 116 dollars in the international market for the first time Friday after a pipeline attack in Nigeria, Africa's biggest oil producer, analysts said. New York's main oil futures contract, light sweet crude for delivery in May, shot up to 116.10 dollars around 1520 GMT, then eased back to 115.46 dollars. (via geo)

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