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Oil reaches 100 dollars a barrel: new record

thecheers.org    2008-01-02 12:16:52    

The price of oil reached the record mark of 100 dollars a barrel on Wednesday.
New York (dpa) - The price of oil reached the record mark of 100 dollars a barrel on Wednesday.

The price for a barrel - 159 litres - for delivery in February reached exactly 100 dollars Wednesday afternoon on the New York commodities market.

Upward pressure on the price has increased along with growing concern over the adequacy of oil reserves as well as the weakness of the US dollar.

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