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Oil closes on $98.2
- US: Saturday, November 24 - 2007 at 08:00
Crude oil futures hit a record closing price in New York yesterday, reaching $98.2 a barrel, a gain of 0.9%, on the New York Mercantile Exchange, reported Bloomberg. Oil had broken through the $99 barrier in intraday trading on November 21 with concerns over stockpiles growing as the northern hemisphere winter sets in. London Brent for January delivery closed on $95.8 a barrel.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, November 24 - 2007 at 08:00 UAE local time (GMT+4)
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