Posted AT 5:09 PM EDT on 22/05/08
Oil falls back from record above $135
NEW YORK — Oil prices fell Thursday after setting a new record of $135.09 (U.S.) in overnight trading. A stronger dollar gave some investors reason to sell oil futures to lock in profits from crude's record run. But concerns about falling supplies and rising demand are expected to keep propelling prices higher in the days and weeks to come.
The full text of this article has 722 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -133.18 | 14,010.39 |
| DJIA | +.00 | 11,288.54 |
| S&P 500 | +.00 | 1,262.90 |
| Nasdaq | +.00 | 2,245.38 |
| Stock Profile | Sponsored by: |
|---|---|
 |
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | The danger zones of 2008 04/07/08 8:17 PM
|
| 2. | Why oil prices will rise even higher 12:10 PM
|
| 3. | Rogue trader costs TD 04/07/08 8:02 PM
|
| 4. | Market turmoil? It doesn't rattle Warren 04/07/08 5:03 PM
|
| 5. | Red-eyed negotiations sealed deal 04/07/08 8:07 PM
|
| 6. | Air Canada route shrinkage continues 04/07/08 4:32 PM
|
| 7. | Are these stocks too hot, or just warming up? 04/07/08 8:47 PM
|
| 8. | Smooth sailing for yacht builders 03/07/08 2:22 PM
|
| 9. | Bourbon distillers gain popularity worldwide 12:10 PM
|
| 10. | Cross-border car buying hits record 03/07/08 9:09 PM
|
Five Things
- No longer fake
- Cartier mistook quartz crystals for diamonds, but today Canada mines the real deal
Streetwise Blog
- GMP falls to fourth in block trading
- Plus: Inexperience of youth feeds the bubble
Video Pick
- Canada's outlook
- Royal Bank chief economist Craig Wright sees grounds for 'nervous optimism'
Forbes.com
- The best countries for business
- Denmark shows what's needed to be No. 1
3
The Law Page
- A fading line
- Julian Porter on the fading line between free speech and libel
Incubator feature
- Building on a Gouda reputation
- The company: Thunder Oak Cheese. The challenge: How to meet growing demand. The payoff: Create sustainable growth
10
Business incubator
- Jazzing up the festival business
- How to attract sponsors and stars when the tourists aren't coming
Magazine
- Metal stocks that can make you some coin
- All that glitters isn't necessarily gold.
JOHN HEINZLSTARS AND DOGS
DEREK DeCLOETHow bean counters have hurt your nest egg
ROB CARRICKThe danger zones of 2008
FABRICE TAYLORMarket turmoil? It doesn't rattle Warren
AVNER MANDELMANStay liquid and be cautious - more market mayhem ahead