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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
Related Articles
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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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The organization of petroleum exporting countries (OPEC) blamed United States of America Thursday for "mismanagement of the economy", which, they claim, pushed the oil price to new record heights. Full Article at Makfax
Related Quotes
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The truth of the matter is there is not a lot of supply in the supply chain
SOURCE: Channel News Asia -
I would suggest that we would have to get used to it.
SOURCE: Channel News Asia -
If the prices are high, definitely they are not due to a lack of crude. They are due to what's happening in the U.S.
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I would suggest that we would have to get used to it.
SOURCE: Agence France-Presse
