Monday, August 08, 2005

World oil prices reach a new high

LONDON (AFP) - World oil prices have struck fresh record high points, reaching almost 64 dollars in New York, as an unspecified threat caused the United States to shut its embassy in Saudi Arabia -- the world's biggest exporter of crude.
New York's main contract, light sweet crude for delivery in September, soared 1.68 dollars Monday to 63.99 dollars per barrel in early deals.
Before Monday, the previous high stood at 62.50 dollars -- a level reached last Wednesday after US refineries were hit by disruptions


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