Crude futures surge above $100--

Crude futures surge above $100

2008-02-20 09:45:42 [ Big Normal Small ] 　Comment

The "Inca", a ship carrying 276.000 barrels of Venezuelan crude oil is seen as it arrives at Puerto Sandino, 44 miles (70 km) west of Managua Feb. 17, 2008.
(Xinhua/Reuters Photo)

Crude futures surged above 100 U.S. dollars a barrel Tuesday on supply concerns.

It's the first time the crude prices closed above 100 dollars.

Light, sweet crude for March delivery rose 4.51 dollars at a record 100.01 a barrel on the New York Mercantile Exchange after earlier rising to 100.10 dollars, a new trading record.

An explosion at a 67,000 barrel per day refinery in Texas, the falling dollar and the possibility that OPEC may cut production next month boosted the prices, said analysts.

Other energy futures also jumped Tuesday. March gasoline jumped 10.93 cents to settle at 2.6031 dollars a gallon, and March heating oil rose 11.45 cents to settle at 2.7614 dollars a gallon.

xinhuanet

Where there is hope,there is life

Chinese soldiers try their best to evacuate the wounded,who had been under the debris for nearly 70 hours, during the rescue operation in Beichuan County...... 详文

Japanese rescuers arrive in Sichuan

A Japanese rescue team arrive in Chengdu, capital of southwest China's Sichuan Province to assist local disaster relief efforts, on May 16, 2006...... 详文

Overseas Chinese donate to help disaster relief work

A Chinese business man donates money for the quake-plagued Chinese people during a donation ceremony in Moscow, May 14, 2008...... 详文