Oil prices surge over $75 a barrel to a record high
Friday, April 21, 2006
Crude oil prices surged to a new record of over $75.00 a barrel on Tuesday closing at a price of $75.17. In Europe, Brent crude oil rose to $74.59. In less than a month, prices have risen $10, back to the record highs set after Hurricane Katrina caused refineries to shut down in August 2005. Prices are also 42% higher than a year ago.
Political instability in oil-producing...