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Traders work in the crude oil futures
pit at the New York Mercantile Exchange in New York City, October 29,
2007. U.S. light, sweet crude rose for a fourth day and closed at a record
high of 93.53 dollars a barrelon New York Mercantile Exchange on
Monday.(Xinhua/Reuters Photo)
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NEW YORK, Oct. 29 (Xinhua) -- U.S. light, sweet crude rose
for a fourth day and closed at a record high of 93.53 dollars a barrel on
New York Mercantile Exchange on Monday.
The price rallied after bad weather forced Mexico to
briefly halt one-fifth of its oil production, and the dollar touched the lowest
level against the euro in more than eight years, analysts said.
The December crude oil futures reached a new intraday
high of 93.80 dollars earlier.
