Oil hits record high of $146 per barrel

Agencies
Posted: Jul 03, 2008 at 1534 hrs IST
Updated: Jul 03, 2008 at 1707 hrs IST

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Oil rises to $117 on Russia-US tension Oil falls by more than $1 to below $112 Fall in oil likely to be moderate: ICRA 'Supply crunch may bring $200 oil in 5-10 yrs'

London's Brent crude oil hit 146 dollars a barrel for the first time on Thursday, as traders reacted to Middle East tensions and the weak dollar.

Brent Noth Sea oil for August delivery surged to a life-time peak of 146.34 dollars.

New York's main oil contract,light sweet crude for August delivery, meanwhile surged past 145 for the first time to rech an all-time pinnacle of 145.43 dollars a barrel.

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