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Oil prices jumps to new high above US$144

OIL prices shot to a new record above US$144 a barrel yesterday as the government reported a bigger-than-expected drop in US stockpiles and the threat of conflict with Iran weighed on traders' minds. The latest...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200807/20080703/article_365495.htm"> Oil prices jumps to new high above US$144 </a> by -- OIL prices shot to a new record above US$144 a barrel yesterday as the government reported a bigger-than-expected drop in US stockpiles and the threat of conflict with Iran weighed on traders' minds. The latest... </p>