Business News
Oil breaks through 130 dollar barrier in New York
By DPA
May 21, 2008, 10:55 GMT

New York - Oil prices broke the 130 dollar per barrel barrier for the first time on New York markets Wednesday.

A price of 130.01 dollars was recorded on the futures market as oil continued its upward surge.

Earlier in Vienna, the oil cartel OPEC had reported that its basket of crudes had broken through the 120-dollar barrier for the first time on Tuesday.