USD 63.9542

0

EUR 71.1299

0

BRENT 59.29

0

AI-92 42.26

-0.01

AI-95 46.03

0

AI-98 51.77

-0.02

Diesel 46.25

+0.06

18

Global Oil Prices Crossed $81 Mark

Global oil prices topped $81 a barrel for the first time today

Global oil prices topped $81 a barrel for the first time today, setting another record high amid fears of critically tight supplies for the US winter.

OPEC's announcement last week that it would pump an extra 500,000 barrels per day from November has failed to stop the surge in price, with some analysts predicting it could keep soaring to $US85 and beyond.

New York's main futures contract, light sweet crude for October delivery, jumped 55 cents to $US81.12 in Singapore trade at 11.35am (1.35pm AEST).