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| May 07, 2008 | Wednesday | Jamadi-ul-Awwal 1, 1429 |
Oil at new high of $122 a barrel
LONDON, May 6: Oil set a new record high of $122 a barrel on Tuesday, the latest spurt in an advance that has seen prices double over the past 12 months.
US light crude for June delivery was up $1.79 at $121.76 a barrel, by 1412 GMT after earlier touching a record high of $122.
London Brent crude was up $2.29 at $120.28 a barrel, after an earlier record of $120.35.
—Reuters
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