Oil rallies to new high above $127

                   
reuters.com     May 16, 2008            

By Margaret Orgill LONDON (Reuters) - Oil climbed to a new record high above $127 on Friday, driven upwards by a weaker dollar and a bullish market for distillate fuels as China and Europe scramble for diesel amid thin global supplies. U.S. crude for June delivery climbed to a peak of $127.43 but... [read full story]                

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Futures Movers: Crude contract rallies, trades above $127 a barrel for first time

marketwatch.com     May 16, 2008          

Oil futures rally to record atop $127 a barrel NEW YORK (MarketWatch) -- Crude-oil futures rallied to a fresh record high of $127.43 a barrel Friday, as bullish momentum returned to the market and traders rushed to buy energy futures. "Considering how sensitive the markets have been to the upside...                

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Oil Above $127 For The First Time

freeinternetpress.com     May 16, 2008          

Oil prices have hit a record high above $127 a barrel on fresh worries about global supplies. US light sweet crude jumped to $127.43 a barrel, ignoring a forecast from producers' cartel Opec this week that the world will need less oil in 2008. London Brent crude also climbed, touching $125.82 a...                

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Oil climbs to record above $127 a barrel

ibtimes.com     May 16, 2008          

Oil prices have risen above $127 a barrel for the first time. Light, sweet crude for June delivery rose as much as $3.31 to $127.43 a barrel in electronic trading Friday on the New York Mercantile Exchange by afternoon in Europe. That tops the previous high of $126.98 a barrel set Tuesday.                

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New territory: Oil at $127 a barrel

wfaa.com     May 16, 2008          

Find the lowest gasoline price in your neighborhood Oil prices have risen above $127 a barrel for the first time. Light, sweet crude for June delivery rose as much as $3.31 to $127.43 a barrel in electronic trading Friday on the New York Mercantile Exchange by afternoon in Europe. That tops the...                

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Oil hits another record above $127 a barrel

usatoday.com     May 16, 2008          

By Pablo Gorondi, Associated Press Writer Oil prices have risen above $127 a barrel for the first time. Light, sweet crude for June delivery rose as much as $3.31 to $127.43 a barrel in electronic trading Friday on the New York Mercantile Exchange by afternoon in Europe. That tops the previous...                

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