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Oil prices pass $135 after report of supply drop



By JOHN WILEN, AP
21 May 2008 @ 09:14 pm EST


Oil Prices
A car pulls into BP's green-eco gas station Wednesday, May 21, 2008, in Beverly Hills, Calif. Oil prices bolted to a new record above $132 a barrel Wednesday after the government reported that stockpiles of crude oil and gasoline fell unexpectedly last week. (AP Photo/Ric Francis)
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MHP 27.01 5.2
USO 0 -67.78

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In London, July Brent crude rose $4.86 to settle at $132.70 a barrel on the ICE Futures exchange.

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Associated Press writer Pablo Gorondi in Budapest and AP Business Writer Thomas Hogue in Bangkok, Thailand, contributed to this report.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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