USD 63.8272

-0.64

EUR 70.6695

-0.86

BRENT 68.06

+0.25

AI-92 42.39

0

AI-95 46.12

0

AI-98 51.91

0

Diesel 46.14

0

15

Oil Reached New Record On US Gasoline Supply Drop

Oil prices again reached record highs after official figures revealed a drop in US gasoline supplies

Oil prices again reached record highs after the US officials reported a drop in US gasoline supplies.

US light crude futures jumped to $72.40 a barrel, before settling at $72.17 a barrel on the New York Mercantile Exchange.

London traded Brent crude settled up $1.22 to $73.73 a barrel, jumping earlier to a record $74.

Fears over US stocks added to pressure on prices, recently fuelled by US-Iran tensions and Nigerian supply concerns.