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Iran fuel spike pushes oil to new record highs
Oil futures hit a intraday peak near 127 dollars as Iran considers production cuts fueling fears of tighter supply. Gas prices climbed to a record 3.73 dollars per gallon with Memorial Day weekend ahead, while diesel rose to 4.39 dollars. Analysts debate actual cuts and price trajectories.
MENTIONED IN THIS ARTICLE
New York
Iran
New York Mercantile Exchange
Jim Ritterbusch
Ritterbusch and Associates
Galena
Ill
James Cordier
Tampa
Fla
Liberty Trading Group
Option- Sellers.com
Cordier
AAA
Oil Price Information Service
Energy Department
Cline
Ritterbusch
Greg Guss
Valero
Thousand Oaks
Calif