Oil crosses 137 dollars a barrel for first time
Friday, June 6th, 2008crossed 137 dollars a barrel Friday for the first time in New York and London trade, jumping more than nine dollars as the market reacted to a sharp decline in the dollar.
Archive for the 'Oil Prices' Category
Oil prices rocket close to record heights near 135 dollars
Friday, June 6th, 2008were catapulted close to record levels near 135 dollars per barrel on Friday as traders reacted to fresh weakness in the US currency after negative data on the American economy.
Oil Prices Skyrocket, Taking Biggest Jump Ever - NYTimes.com
Friday, June 6th, 2008Oil prices had their biggest gains ever on Friday, jumping nearly $11 to a new record above $138 a barrel, after a senior Israeli politician raised the specter of an attack on Iran and the dollar fell…