Yukos has said it faces imminent bankruptcy as courts seek to enforce a $US3.4 billion tax debt for 2000.
It was not clear whether the order might force Yukos to halt shipments of oil or simply bar the company from signing new supply contracts.
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Crude Prices Hit 21yr Level
Wednesday crude oil prices hit their highest level in at least 21 years
Wednesday crude oil prices hit their highest level in at least 21 years after Russian bailiffs had a cease-work order to cover Yukos? largest production unit, Yuganskneftegaz, and made Yukos to stop sales.
US light crude settled up $US1.06 at $US42.90 a barrel after hitting a high of $US43.05 a barrel, topping peaks hit in early June and the highest price since the New York Mercantile Exchange launched the contract in 1983.
London Brent crude settled up 99 cents to $US39.53 a barrel after hitting $US39.68, its highest level since October 1990, ahead of the first Gulf War.
Yukos has said it faces imminent bankruptcy as courts seek to enforce a $US3.4 billion tax debt for 2000.
It was not clear whether the order might force Yukos to halt shipments of oil or simply bar the company from signing new supply contracts.
Yukos has said it faces imminent bankruptcy as courts seek to enforce a $US3.4 billion tax debt for 2000.
It was not clear whether the order might force Yukos to halt shipments of oil or simply bar the company from signing new supply contracts.
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