07-11-2008, 11:24 AM
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Rut-roo Quote: Crude soars to new record on Iran, Nigeria worries
Rallies past $147 a barrel at intraday high; up more than $10 over two days
By Polya Lesova & Moming Zhou, MarketWatch
Last update: 11:00 a.m. EDT July 11, 2008
SAN FRANCISCO (MarketWatch) -- Crude-oil futures Friday soared more than $5 to a new all-time high above $147 a barrel, rallying on speculation that Israel may be nearer to launching an attack on Iran and on worries that supplies in Nigeria and Brazil may be disrupted. | More |