Oil prices soared to another record high above 90 dollars per barrel on Friday amid global supply jitters and tensions between Turkey and crude producer Iraq, dealers said.
New York's main futures contract, light sweet crude for delivery in November, touched 90.07 dollars per barrel in early afternoon deals. That beat the previous high of 90.02 dollars set late on Thursday.
The contract later retreated to stand at 88.59 dollars, down 88 cents from Thursday's close.
On Friday, London's Brent North Sea crude for December delivery slid 73 cents to 83.87 dollars after hitting a record 84.88 dollars on Thursday.
Friday, October 19, 2007
New York oil prices hit record high
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