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Oil climbs on concerns about tight global supplies, Mideast

CRUDE oil futures closed at a new record near US$141 a barrel yesterday on worries about tight supply and mounting tensions in the Middle East. Light, sweet crude for August delivery rose 97 cents to settle at...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200807/20080702/article_365356.htm"> Oil climbs on concerns about tight global supplies, Mideast </a> by -- CRUDE oil futures closed at a new record near US$141 a barrel yesterday on worries about tight supply and mounting tensions in the Middle East. Light, sweet crude for August delivery rose 97 cents to settle at... </p>