INSANE: Tanker Attack Brings Forth US$117 Oil Breach

Update 23 April 2008: Oil peaked at US$119.90 as the US Dollar continues its downward trend - Bloomberg.com. Going for US$120, anyone?

Update 22 April 2008: Strike in Scotland and attacks in Nigeria help to contribute to today's high of US$118.05, reports Bloomberg.com.

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According to CNNMoney.com, an attack on a Japanese tanker by a rocket launcher from a smaller boat off the Yemen coast raised crude oil price to US$117.40 a barrel. No injuries was reported.

Previous oil price posts:

1. INSANE: Latest Oil Peak
   
2. INSANE: New Oil Record
   
3. INSANE: I Lost Count How Many Times Oil Price Set A Record This Year
   
4. INSANE: Oil's Unrelenting Upward Trend
   
5. INSANE: Oil Tops My Previous Post In No Time!
   
6. INSANE: Oil Surged Past US$108
   
7. INSANE: Oil @ US$103.95?
   
8. INSANE: Oil Topped at US$102.80
   
9. INSANE: Oil Continues the Post US$100 Trend
10. INSANE: Crude Oil Prices Touched US$100 A Barrel