Business
Crude prices rise on supply concerns
New York | May 10, 2008 12:01:13 AM IST
Crude oil prices climbed to a yet another record Monday on the New York Mercantile Exchange on reports of supply disruptions in Nigeria and at sea. A supply line that moves169,000 barrels a day shut down in Nigeria after an attack on a pipeline, The Wall Street Journal reported. And a Japanese tanker was attacked by a small boat 275 miles west of Arden, Yemen. The ship was not damaged, but the incident caused a brief rise in oil prices, The New York Times reported. Crude prices, at a record in the morning, climbed 8 cents on the exchange to $117.56 per barrel Monday afternoon. Heating oil prices rose 0.0005 cents Monday to $3.3119 per gallon. Reformulated blendstock gasoline prices rose 0.0029 cents to $2.9820 per gallon. Natural gas prices fell 0.005 cents to $10.728 per million British thermal units. At the pump, the average price for a gallon of unleaded gasoline topped $3.50 for the first time in the United States. Monday's price of $3.503 per gallon was a gain over Sunday's $3.491 per gallon, AAA said. (UPI)
60 per cent voting recorded in second phase of Karnataka polls Fire in Sodepur garments shop, 12 dead Second phase of polling in Karnataka ends Theft at Taj Mahal, close circuit TV cameras go missing 12 underground cadres killed in a factional clash in Nagaland Tibetans in India prepare for \'Olympics\' with sporting spirit sans hatred Scientists demand new modeling facility for providing better climate predictions Supreme Court stays Calcutta High Court order on OBC quota
| 
