Crude oil retreats
Sunday, 21 October 2007
NEW YORK, Oct 20 (AFP): Oil prices ended lower yesterday after striking a record high above 90 dollars in New York amid global supply jitters and lingering tensions between Turkey and crude producer Iraq, traders said.
New York's light sweet crude for delivery in November, closed down 87 cents at 88.60 dollars a barrel. But the contract had earlier surged to a record 90.07 dollars.
New York's light sweet crude for delivery in November, closed down 87 cents at 88.60 dollars a barrel. But the contract had earlier surged to a record 90.07 dollars.