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News, October 2007

 

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Editorial Note: The following news reports are summaries from original sources. They may also include corrections of Arabic names and political terminology. Comments are in parentheses.

 

Crude oil futures close at record high of $91.86 per barrel

www.chinaview.cn 2007-10-27 03:59:01 Print

NEW YORK, Oct. 26 (Xinhua) -- 

Crude-oil futures closed at a new record on Friday, as worries over energy supplies and tensions in the Middle East propelled the market to a new peak.

Crude oil for December delivery climbed 1.40 U.S. dollars to end at 91.86 U.S. dollars a barrel on the New York Mercantile Exchange.

Earlier Friday, the contract rose to a new record intraday high of 92.22 dollars a barrel in electronic trading.

Crude recorded a gain of 4.91 dollars in the week from last Friday's closing level of 86.95 dollars.

Editor: Yan Liang

 


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