Crude hits new record high

12 March 2010 - 02:00
By unknown

NEW York's main contract, light sweet crude for April delivery, eased 53c to $81,56 a barrel.

It closed at $82,09 a barrel in New York, boosted by declining fuel stockpiles in the US, which indicated strengthening demand.

London's Brent North Sea crude for April delivery was down 49c to $79,99.

US crude oil inventories climbed 1,4million barrels . - Sapa-AFP