Oil hits $120
By Ottawa Business Journal Staff
Mon, May 5, 2008 2:00 PM EST
 |
| Ottawa Business Journal |
Oil prices soared Monday, jumping $4 to record highs above $120 a barrel
A weakening U.S. dollar, as well as concerns about oil supplies from Iraq, Nigeria and Iran were cited as concerns, Reuters reported.
U.S. crude traded as high as $120.36 earlier in the day. One year ago, the cost of a barrel of crude was $62.
* To print this page, click on the "Printer Friendly Version" link above. When the new
window opens, right-click with your mouse in the new window and select "Print".
|
