Business - Briefly   

Crude hits $40

NEW YORK, MAY 7. U.S. crude oil futures jumped to $40 a barrel on Friday morning, their highest level in 13-1/2 years, on widespread worries that supply will be disrupted from an increasingly violent Middle East.

Resuming a rally after prices sagged on Thursday on profit taking, New York Mercantile Exchange (NYMEX) June crude's new peak surpassed the $39.99 high hit on February 27. 2003.

— Reuters

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

• A bitter pill for small units
• Big players can manage
• DGFT launches digital signature facility
• Lufthansa to introduce business class service
• A committee approach to a burning problem?
• HDFC net profit up
• High oil prices dampen market
• SFDL to distribute SBI Life products
• Rupee steady
• MRO-TEK pays 20 p.c.
• Stock Market Index
• Exchange rates
• Bullion rates
• Efforts to resolve Dabhol debacle
• Marginal drop in inflation
• Trigger to launch kids wear
• State Bank of Mysore net up 52 p.c.
• Syndicate Bank to tap market
• Crude hits $40
• Templeton picks up stake in Aurobindo Pharma
• Maybach lures billionaires
• PCS' software for courier industry
• Asian Paints gets APPCB funding
• ISB's global executive programme
• UCO Bank profit up

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu