Oil crosses $130 a barrel in futures trade

May 21st, 2008 - 6:54 pm ICT by admin  

New York, May 21 (IANS) The price of crude oil crossed $130 a barrel in futures trading at the New York mercantile exchange here Wednesday. Data available with the exchange showed that crude oil futures was trading at $130.27 a barrel at 7 a.m. local time (4.30 p.m. IST) - a rise of $1.29 from the previous close.

At the same time, Brent Crude was at $129.90 at futures trade, a rise of $2.06.

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