Oil hits yet another fresh high Date: Friday, May 09 @ 05:00:37 PDT Topic: Consumption; Demand; Prices
Crude oil has hit yet another all-time high in early Friday trading.
Driven by surging demand and continuing supply concerns, US light crude touched $124.70 a barrel in Asian exchanges, up $1.01 from Thursday's close.
Meanwhile, London's Brent crude was up 85 cents to $123.69 from Thursday's record $122.84 close.
