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Oil Hits Record $100 a Barrel

Disruptions in Nigeria, Mexico stoke supply concerns

By Nick McMaster, Newser Staff

Posted Jan 2, 2008 11:11 AM CST

(Newser) – Crude oil prices jumped $4.02 today to push past $100 a barrel for the first time as Nigerian violence, disrupted Mexican exports, and the specter of dipping US stockpiles stoked supply fears in the face of ever-rising energy demands, CNNMoney reports. The previous record... Read full story »

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Oil Hits Record $100 a Barrel

Disruptions in Nigeria, Mexico stoke supply concerns

oil • Nigeria • exports • Port Harcourt • oil price • Nigerian violence • oil supply • US stockpiles • $100 a barrel oil • interest rate cut

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Chevron output diminished by 120K barrels per day

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