MHL 0.00% 0.3¢ monitor energy limited

crude oil futures hit 103 per barrel

  1. 2,629 Posts.
    FYI...

    Crude oil hits record high following Ecuador pipeline break

    http://www.marketwatch.com/news/story/oil-tops-103-barrel-after/story.aspx?guid=%7b0DE3199C-4BE4-4558-8150-F8ED2C166C4C%7d&siteid=bnb&print=true&dist=printTop

    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.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.