Oil price soars to $147
Middle East: Saturday, July 12 - 2008 at 08:08
Oil prices have hit a new record high, soaring above $147 on Friday amid simmering tensions over crude producers Iran and Nigeria and a looming strike in Brazil, according to news agencies. US crude rose by $3.25 to $144.90 a barrel by 1827 GMT, after climbing as high as $147.27 earlier in the day.
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Medilyn Manibo, Assistant News EditorSaturday, July 12 - 2008 at 08:08 UAE local time (GMT+4)
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This Article was updated on Sunday, July 13 - 2008
Index : Energy, Oil and Gas
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