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NEW YORK — Oil surged Wednesday, rising a remarkable $5 a barrel to a new record over $104 a barrel after the government reported a surprise drop in crude oil stockpiles and OPEC held production levels steady. Full Article at Huffington Post
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The U.S. dollar fell to another record low against the euro Thursday, persuading many investors to switch into commodities such as oil. Full Article at CBC News
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Oil steadied after hitting a new high near $106 on Thursday as a weak dollar helped prices to extend the previous day's gains prompted by a drop in US oil inventories and Opec's decision to keep output unchanged. Full Article at TradeArabia
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(CBS) Oil prices hit a record $105.10 a barrel Thursday, a day after a surprise drop in U.S. crude supplies and a decision by OPEC not to boost production. Prices gave up some ground by midday trading in Europe. Full Article at CBS 5
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LONDON : Oil prices soared to a record high close to US$106 a barrel on Thursday as traders were spooked by a small explosion in New York, a surprise fall in US crude stockpiles and the weak US currency. Full Article at Channel News Asia
