Oil hits record near $106 on weak dollar, OPEC
Matthew Robinson, additional reporting Maryelle Demongeot in Singapore; Ikuko Kao in London; Robert Gibbons & Gene Ramos in New York, Reuters, 06 Mar 2008NEW YORK, - Oil hit a record high near $106 on Thursday, fueled by the weak dollar and OPEC's decision to hold crude output steady.
U.S. oil CLc1 settled up 95 cents at $105.47 a barrel after hitting a record $105.97 a barrel during the session. London Brent crude LCOc1 rose 97 cents to settle at $102. ... Read full article