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Oil hits $82
- Wednesday, September 19 - 2007 at 06:37
Oil surged over $82 a barrel on Tuesday, the fifth record in as many trading days, as a U.S. Federal Reserve decision to cut interest rates raised concerns of a winter supply shortage in the world's top energy consumer. U.S. crude jumped $1.81 to a record $82.38 a barrel at 1720 GMT in electronic trade after settling up 94 cents at $81.51 in the regular session, reported Reuters.
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Jeff Florian, Senior ReporterWednesday, September 19 - 2007 at 06:37 UAE local time (GMT+4)
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