Oil tops $85 for the first time
Crude prices continue recent climb on worries about declining oil inventories, Turkey-Iraq tension.
October 15 2007: 7:19 AM EDT
SINGAPORE (AP) -- Oil prices kept rising Monday after closing at a new record in the previous session on worries that supplies are insufficient to meet coming winter demand and concerns over the conflict between Turkey and Kurds in northern Iraq.
Light, sweet crude for November delivery added $1.13 to $84.82 a barrel in electronic trading on the New York Mercantile Exchange, midday in Europe, rising to a new high of $85.19 before receding slightly
oil tops 85 dollars for the first time
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