Oil prices blaze past record $146
Red-hot world oil prices blazed over a record $146 a barrel yesterday in the face of falling US oil reserves, geopolitical tensions and a weak dollar, traders said.
Oil prices bounced back above $$113 a barrel in volatile trading Friday after falling sharply from the early week record near $$120 a barrel.Light, sweet crude for June delivery on the New York Mercatile Exchange rose 67 cents to $$113.19 a barrel in electronic trading by midday in Europe, up from a low of $$111.78 earlier in the session.