Oil breaches $75

The price of oil jumped Wednesday above 75 dollars per barrel,
hitting the highest level so far this year on the back of the tumbling
dollar, analysts said. New York's main contract, light sweet crude
for November delivery soared to 75.15 dollars per barrel, which was
last seen on October 20 , 2008. Brent North Sea crude for November
delivery advanced 69 cents to 73.09 dollars a barrel on Wednesday.