London Brent crude also hit new peaks and stood 74 cents higher at $94 a barrel on the ICE Futures.
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Oil Prices Soared to $98
Oil prices soared further on Wednesday, touching $98 amid weaker dollar..
Oil prices soared further on Wednesday, touching $98 amid weaker dollar and traders fretted about a winter fuel crunch due to thinning oil stocks and a North Sea storm.
U.S. light, sweet crude for December rose as much as $1.30 to $98 a barrel in active trade of over 9,000 lots, soaring past the previous record $97.10 touched on Tuesday.
London Brent crude also hit new peaks and stood 74 cents higher at $94 a barrel on the ICE Futures.
London Brent crude also hit new peaks and stood 74 cents higher at $94 a barrel on the ICE Futures.
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