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New Record Of Crude Oil
Crude futures surged to a new high of $62.69 a barrel in Asian trading Monday as the U.S. government
Crude futures surged to a new high of $62.69 a barrel in Asian trading Monday as the U.S. government announced the closure of its embassy and consulates in Saudi Arabia due to security threats and on earlier shutdowns of 6 U.S. oil refineries would reduce supply.
US light, sweet crude for September delivery on the New York Mercantile Exchange rose as high as $62.69 in Asian electronic trading before slipping back a bit to $62.51, up 20 cents from its close on Friday.
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