bache-commodities – The Mail & Guardian

/ 7 May 2008

Oil sets new record high of $122 a barrel

Oil set a new record high of a barrel on Tuesday, the latest spurt in an advance that has seen prices double over the past 12 months. Supply disruptions in Nigeria, where a strike and attacks by militants has hit production, have helped boost a market that is nervous about any threats to supply.

By Jane Merriman

No image available

Article

/ 17 April 2008

Oil sets yet another record

Oil set a record above a barrel on Thursday as a drop in United States gasoline inventories raised concern of tighter supply and a weak dollar boosted investor demand for commodities. A US government report on Wednesday showed a surprise drop in crude inventories and a larger-than-expected decline in stocks of petrol.

By Alex Lawler