Crude-oil Climbs To Its Highests At $117
April 20, 2008
Crude-oil has reached a record high of $116.69 per barrel after news of a sabotage on pipelines in Nigeria was released and even the fortifying dollar couldn’t stop halt the rise.
After markets closed on Friday, electronic trading saw the price rise even higher, to $117 per barrel. Delivered crude-oil for May has also risen, to $1.83, or 1.6%, which lands it at $116.69 per barrel for the New York Mercantile Exchange. This marks a 6.2% rise on oil prices for the week.
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