Oil Barrels to $104 ; $5 Hike Drives Price to Record High
The Record, Bergen County, NJ › March 10, 2008
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Summary
NEW YORK Oil surged Wednesday, rising a remarkable $5 a barrel to a new record over $104 after the government reported a surprise drop in crude oil stockpiles and OPEC held production levels steady.
Most analysts had expected the Energy Department's Energy Information Administration to report oil supplies rose last week for the eighth straight time. Instead, they fell by 3.1 million barrels.See the full content of this document
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Oil Barrels to $104 ; $5 Hike Drives Price to Record High
In Vienna, meanwhile, the Organization of Petroleum Exporting Countries said it would hold production levels steady, at least for now.
The EIA report and OPEC announcement fed a new fr...See the full content of this document
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