Oil prices hit new 10-year high on Kuwait-Iraq worriesIraq, accusing Kuwait of draining its oil, also says it won’t meet production goals due to lack of spare parts, materials by The Associated Press
Oil prices surged to a new 10-year high on the New York Mercantile Exchange in mid-September amid worries about increased tensions between Kuwait and Iraq.
Crude for delivery in October hit a new benchmark of $36 a barrel Sept. 15 before settling at $35.92, up $1.85, surpassing a previous 10-year h....
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