US light, sweet crude hit a record of $99.29 in Asian trading. London Brent crude rose 50 cents to $95.99 a barrel.
Tight supplies, winter demand and continuing geopolitical concerns have contributed to oil prices climbing by about 45% since August.
Wednesday, November 21, 2007
Oil reaches new record above $99
Oil prices kept climbing on Wednesday, as the dollar remained weak, and closed near $100 a barrel.
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