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Business Daily from THE HINDU group of publications Friday, June 27, 2008 ePaper | Mobile/PDA Version |
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Update at 1500 hrs (IST)
General Oil hits record highs, nears $142 MUMBAI: Oil prices reached new heights a day after Mr Edmund Daukoru, the Nigerian oil minister and President of the Organisation of the Petroleum Exporting Countries (OPEC) said oil prices could reach $170 this year owing to a weak dollar and geopolitic al unrest. Oil prices rose to record high levels close to $142 a barrel on Friday. Brent North Sea crude reached a historic $141.98 and New York light sweet crude struck $ 141.71 a barrel.
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