Earth System Science News

09 Apr, 2008

Oil hits new record on sliding US inventories (AFP)

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An oil well pumps crude near a gas station advertising its gas prices in March 2008 in California. Oil prices soared to new record highs Wednesday on news of an unexpectedly sharp drop in US energy inventories and a further decline in the value of the dollar.(AFP/GETTY IMAGES/File/David Mcnew)AFP - Oil prices soared to new record highs Wednesday on news of an unexpectedly sharp drop in US energy inventories and a further decline in the value of the dollar.


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