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Oil hits $111
- Thursday, April 10 - 2008 at 07:16
Oil jumped to more than $111 a barrel on Wednesday, near a record high, following a US government report which showed a surprise drop in inventories in the world's top fuel consumer, reported Reuters. US crude was up $2.50 to $111 a barrel by 1507 GMT, nearing the record high of $111.80 hit on March 17.
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Jeff Florian, Senior ReporterThursday, April 10 - 2008 at 07:16 UAE local time (GMT+4)
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