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Oil hits new highs
- Middle East: Thursday, July 03 - 2008 at 07:25
Oil prices climbed above $144 a barrel in London on Wednesday after data revealed a drop in stockpiles of US crude. Brent North Sea crude oil for August delivery jumped $3.98 to trade as high as $144.65 a barrel. New York's main oil futures contract, light sweet crude for August, leapt to an intraday record of $143.91 just before the close of trade.
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Jeff Florian, Senior ReporterThursday, July 03 - 2008 at 07:25 UAE local time (GMT+4)
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