Oil prices reach record high
Oil prices reach record highGraeme WeardenFriday
Oil prices shot over $90 (£44) a barrel for the first time ever late last night, prompting fears of higher petrol prices at the pumps.
The price of a barrel of US crude oil reached $90.02 in after-hours trading in New York, driven by the weakness of the US dollar and growing tension between Turkey and Kurdish rebels.
It finished at $89.56, more than 6% higher than at the start of the week. But in London, the price of a barrel of Brent crude declined slightly in early trading.
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