USD 73.2351

+0.08

EUR 85.956

+0.03

BRENT 44.91

-0.39

AI-92 43.34

-0.01

AI-95 47.57

-0.03

AI-98 53

+0.01

Diesel 47.93

+0.01

105

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.