NEW YORK (AP) -- Oil prices hit new record highs Tuesday as a Texas refinery fire and fears of an OPEC production cut pushed crude to settle at over $100 a barrel for the first time ever.
U.S. crude for March delivery jumped $4.51 to settle at $100.01 a barrel on the New York Mercantile Exchange, topping the previous settlement record of $99.62 set Jan. 2.
http://money.cnn.com/2008/02/19/markets/oil-opec.ap/index.htm?cnn=yes
Where will it end ?
U.S. crude for March delivery jumped $4.51 to settle at $100.01 a barrel on the New York Mercantile Exchange, topping the previous settlement record of $99.62 set Jan. 2.
http://money.cnn.com/2008/02/19/markets/oil-opec.ap/index.htm?cnn=yes
Where will it end ?