Oil Rockets Above $63 A Barrel...

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First Posted: 08- 8-05 10:39 AM   |   Updated: 03-28-08 02:43 AM

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Reuters :

Oil soared above $63 a barrel to a new record high on Monday on fears of militant attacks in the world's biggest oil exporter Saudi Arabia and a possible gasoline shortage in the United States.

As the United States shut its diplomatic missions in Saudi Arabia for two days in response to threats, Australia and Britain warned that militants would soon strike in the kingdom.

Read the whole story: Reuters

Filed by Katharine Zaleski  |  Report Corrections
 



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