0 CRUDE AT $107 AFTER ATTACK ON IRAQ PIPELINE

By Chris FloodPublished: March 28 2008 02:00 | Last updated: March 28 2008 02:00

Violence in Iraq pushed oil prices higher yesterday amid heightened geopolitical concerns, but gold fell under pressure from a rise in the dollar.

Nymex May West Texas Intermediate crude oil rose $1.68 to settle at $107.58 a barrel after touching a high of $107.70. ICE May Brent rose $1.01 to close at $105 a barrel after saboteurs attacked a key pipeline feeding the Basra export terminal in southern Iraq.

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