Oil at record high
London: US oil prices jumped to a record $42 a barrel on Tuesday following an attack by suspected al Qaeda militants on the offices of Western companies in the Saudi City of Khobar on Saturday. The attack killed 22 people.
US light crude rose $2.12, more than five percent, to touch $42 a barrel, London Brent crude rose $2.07 to $38.65 a barrel.
Traders fear the attack could be the start of a concerted al Qaeda offensive to disrupt Saudi supplies at a time when oil prices are already high enough to threaten world economic growth.
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