&host=rt.com&uri=/business/news/oil-price-dips-below-100-mark-for-now/&via=(none)&ua=CCBot/1.0 (+http://www.commoncrawl.org/bot.html))
Oil price dips below $100 mark - for now
Published: 03 January, 2008, 15:15
U.S. crude futures hit a record 100 US dollars a barrel on Wednesday, boosted by violence in OPEC member countries Nigeria and Algeria, and by a weak dollar.
The price jumped almost US$ 4 per barrel on the Nymex to eclipse the previous high of US$ 99.29 of November 1.
The hike came after suspected militants attacked police stations and a luxury hotel in Nigeria. Al Qaeda's North Africa wing also claimed responsibility for a deadly bombing which left 18 dead in Algeria.
One trade changed hands for US$ 100 on Wednesday, and the price is holding above US$ 99 with everyone now eyeing Thursday's inventory data from the United States.
02.01.2008, 20:19
Record oil profits to be taxed more heavilyOil prices saw their biggest annual gain this decade in 2007. U.S. crude futures settled at $95.98, up from $61 dollars at the end of 2006. But the Russian government intends to raise industry taxes, enriching state coffers and putting pressure on Russian |
03.01.2008, 22:00
Interview with Aleksandr KotchoubeyU.S. crude futures hit a record 100 US dollars a barrel on January 2. Aleksandr Kotchoubey, Managing Director with Renaissance Capital, joined RT to comment on the latest oil developments. |
