Breaking News: Oil Prices Close at New Record High

Thomas Schueneman

Crude oil futures closed at $116.69 a barrel today after reaching an intra-day high of $117. The surge in prices was reportedly sparked by news that a militant group in Nigeria sabotaged a major oil pipeline operated by Royal Dutch Shell, promising more attacks on the country’s petroleum infrastructure.

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Tags: crude+oil+prices, oil+futures, energy+security


Energy & Economics