Financial Times FT.com

Oil jumps above $90 a barrel

By Javier Blas

Published: October 19 2007 07:49 | Last updated: October 19 2007 22:39

Crude oil prices ended an extraordinary week by rising for the first time above $90 a barrel after the dollar sank to a new low against the euro and some traders were forced to cover their bearish bets.

Persistent worries about tight supplies ahead of the winter peak season helped to push prices higher.

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