By Chris Oliver Last update: 10:48 p.m. EST Feb. 28, 2008
HONG KONG (MarketWatch) --
Crude oil futures hit a record high above $103 per barrel in electronic trading Friday amid reports Ecuador's state-run oil company, Petroecuador, suspended operations at a key export pipeline after a landslide damaged infrastructure.
Crude oil for April delivery rose 1 cent to $102.60 a barrel at midday in east Asia after touching a high of $103.05 a barrel earlier. Petroecuador has declared force majeure on its oil exports and will inform those affected by the supply disruption in an official notice Friday, according to wire reports.
MHL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
