BBC NEWS | Business | Oil prices shoot up to new record

BBC NEWS | Business | Oil prices shoot up to new record: "Oil prices have surged to fresh record highs again after a surprise drop in US petrol stocks added to worries about a gathering storm in the Caribbean.
Tropical Storm Katrina could threaten oil production in the Gulf of Mexico, analysts warned, while a 2% slump in US supplies signalled a thirsty market.
US light crude closed at a new high of $67.40 a barrel, up $1.69 on the day, topping the previous high of $67.10.
Meanwhile, in London, Brent crude closed up $1.36 to $66.01 on Wednesday. "