Tim Evans – The Mail & Guardian

/ 31 October 2007

Oil price hits $94 for first time

Oil prices hit fresh record highs on Wednesday, with New York crude at $94 per barrel after news that United States crude inventories had slumped last week, traders said. "The market is clearly reacting to the larger-than-expected drop in crude oil inventories," said Citigroup analyst Tim Evans. Over the course of Wednesday, prices rocketed by as much as $4 to $5.

By Staff Reporter

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Article

/ 12 September 2007

Oil price up to record $80 a barrel

New York crude oil prices reached a barrel on Wednesday for the first time as the market fretted over declining United States reserves and a new tropical storm in the Gulf of Mexico. Prices shot higher after news that US crude reserves fell by a sharper-than-expected 7,1-million barrels over the past week.

By Staff Reporter