Around the World: Oil
China Daily | Updated: 2008-05-17 07:27
Price sets new record
Oil shot to a record high near $128 on Friday after Goldman Sachs, the most active investment bank in energy markets, raised sharply its forecast for prices.
US crude hit a peak of $127.82 and was trading at 127.70, up $3.58, by 1323 GMT. Brent was $3.53 higher at $126.16.
Photo
