Date:06/05/2008 URL: http://www.thehindu.com/2008/05/06/stories/2008050655571600.htm

Business - Briefly

Oil futures cross $120 a barrel

NEW YORK: Oil futures have surpassed the once unthinkable price of $120 a barrel. Oil reached its latest milestone on a mix of threats to overseas crude oil supplies. A threat by Kurdish rebels in Iraq to attack American interests has investors concerned. And an attack on an oil facility in Nigeria cut oil supplies.