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Oil nears $123 on $200 oil prediction
- Wednesday, May 07 - 2008 at 07:15
Oil futures jumped to a new record near $123 a barrel Tuesday, boosted by a new Goldman Sachs prediction that oil prices could rise to $150 to $200 within two years, reported AP. Light, sweet crude for June delivery jumped to a new record of $122.73 a barrel before retreating to settle up $1.87 at a record $121.84 on the New York Mercantile Exchange.
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Jeff Florian, Senior ReporterWednesday, May 07 - 2008 at 07:15 UAE local time (GMT+4)
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