Oil Prices Hit New Record of $50 a Barrel

  • Playlist
  • Download
  • Embed
    Embed <iframe src="http://www.npr.org/player/embed/4050433/4050434" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

For the first time, crude oil prices rise above $50 a barrel in world trading, despite efforts by OPEC to calm markets. The price is a response to the slow recovery of U.S. oil production following Hurricane Ivan in Florida and unrest in key producers Saudi Arabia, Iraq and Nigeria. Hear NPR's Jim Zarroli.

Related NPR Stories

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.