Oil prices hit new record of $US101.32 a barrel
World oil prices hit a new record of $US101.32 dollars a barrel today on renewed concerns over global crude supplies.
Oil prices rose to an intraday trading record above $112 a barrel Tuesday as the US dollar fell against the euro and crude oil shipments along one US pipeline were said to be operating below capacity.Light, sweet crude for May delivery on the New York Mercantile Exchange rose to an intraday record of $112.80 a barrel in electronic trading by early afternoon in Europe, well above the previous trading high of $112.21 set last week.