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Oil Price Hits Record Above 105 Dollars - ASHARQ AL-AWSAT English Archive
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LONDON (AFP) — Oil prices surged past 105 dollars per barrel for the first time on Thursday as traders reacted to sliding US energy reserves, the weak dollar and OPEC’s decision to leave output unchanged.

New York’s main oil contract, light sweet crude for delivery in April hit an 105.10 dollars per barrel, topping the previous record of 104.95 dollars that was set on Wednesday.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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