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Oil prices breach 99 dollars

SINGAPORE, Nov 21, 2007 (AFP) - Oil prices rose above 99 US dollars per barrel in Asian trade on Wednesday, within striking distance of the 100-dollar level as the greenback slumped further, dealers said.
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Concerns over tight global supplies was also helping push prices up, they said.

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In early morning trade New York's main contract light sweet crude for January delivery set a new intraday trading high of 99.29 dollars a barrel, breaking its previous record of 98.

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62 dollars set on November 7. The New York contract had closed at a new record of 98.
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03 dollars on Tuesday.
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