Oil hits record high despite Saudi signal on output

摘要

London-US crude futures jumped to a new high near 140/barrel early in the US trading day June 16,even as OPEC kingpin Saudi Arabia signaled it would boost crude production further.The front-month contract on the New York Mercantile Exchange climbed to 139.89/b,77 cents more than the previous record of 139.12/b struck on June 6,as the US dollar was hit by a new wave of selling and tensions between the West and Iran ratcheted up a notch.