Oil prices rise above $141 after OPEC comments
AFP, 01 Jul 2008LONDON (AFP) - Oil prices jumped beyond 141 dollars a barrel on Tuesday after the president of OPEC said there was uncertainty surrounding future investment in facilities to boost crude output.
New York's main oil contract, light sweet crude for August delivery, was up 1.40 dollars at 141.40 dollars a barrel at about 0820 GMT.
Brent North Sea oil for August delivery climbed 1.50 dollars to 141.33 dollars a barrel.
On Monday, crude futures had struck record high levels close to 144 dollars, as the US currency remained weak against the euro, traders said.
Brent soared to an all-time high of 143.91 dollars and New York crude to a historic peak of 143.67. ... Read full article
