[NYTr] Oil price breaks above 85 dollars for first time

[All the News That Doesn't Fit]

AFP - Oct 15, 2007
http://www.afp.com/english/news/stories/071015102141.w63z59ic.html

Oil price breaks above 85 dollars for first time

LONDON (AFP) - The price of New York oil smashed through 85 dollars per
barrel for the first ever time here on Monday.

New York's main futures contract, light sweet crude for delivery in
November, hit a record high 85.19 dollars as traders feared more unrest
in oil producer Iraq could further stretch tight global energy supplies.