Oil Prices Top the 142 a Barrel Mark ; Oil Prices Spurted Up to yet Another New High of Over 142 a Barrel Yesterday, Making Crude Oil Nearly 50 Per Cent More Expensive Than at the Start of the Year.

Summary


Oil prices spurted up to yet another new high of over 142 a barrel yesterday, making crude oil nearly 50 per cent more expensive than at the start of the year.

The benchmark contract for oil prices reached 142.26 before falling slightly. A few hours earlier it breached the 141 level for the first time.

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Oil Prices Top the 142 a Barrel Mark ; Oil Prices Spurted Up to yet Another New High of Over 142 a Barrel Yesterday, Making Crude Oil Nearly 50 Per Cent More Expensive Than at the Start of the Year.

Further oil pr...

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