Skip navigation

 Login or Register | Member Centre

Posted AT 3:49 PM EDT on 13/05/08

Oil hits another record high

JOHN WILEN

The Associated Press

NEW YORK — Oil prices shot to a new record near $127 (U.S.) a barrel Tuesday on concerns that Iran may consider cutting crude oil production. Light, sweet crude for June delivery rose as high as a record $126.98 in midday trading on the New York Mercantile Exchange before retreating to settle up $1.57 at $125.80. Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill.

The full text of this article has 715 words.

To continue reading this article, you will need to purchase this article.

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

Single Article: $4.95

4-pack: $17.95

MOST POPULAR 

Nobody's Business 

Patricia Best
Patricia Best Before Citizen Black ... there was that other guy
Plus: Stroke of inspiration

Earlier discussion 

Purdy Crawford
Purdy Crawford on the ABCP plan
The head of the restructuring committee took questions on what happens next

Business incubator 

rebeccca
What I've learned
Rebecca MacDonald on the most important thing in business

Magazine 

GI Magazine
Income alternatives for young retirees
There's a treasure trove available

Insights 

Back to top