Oil hits record near $147 as supply fears intensify

Author: bicarajutawan | Category: Oil Price

By Santosh Menon
LONDON (Reuters) - Oil leapt $5 to a new record high near $147 a barrel on Friday, spurred by growing worries of threats to supplies from Iran and Nigeria and the possibility of a strike by Brazilian oil workers next week.
U.S. crude was $4.85 at $146.50 a barrel by 9:15 a.m. EDT, [...]