From the Associated Press:
Oil Prices Hit Record Near $67
08.12.2005, 03:38 PM
Oil prices settled at a record high near $67 Friday, as U.S. refinery outages looked set to test gasoline supplies in the world’s biggest-consuming nation.
The threat of hurricanes in the Gulf of Mexico and concerns over Iran’s decision to resume uranium-conversion activities also fueled the price increase, analysts said.