India's crude oil basket on Tuesday rose to a fresh all-time high of $121.71 a barrel (about Rs 5,193), up $1.35 from Friday, a petroleum and natural gas ministry release said today.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The Indian basket had last hit a record high of $121.09 a barrel on May 12. The basket has been rising in line with global crude oil prices. Several analysts, including billionaire hedge-fund manager Boone Pickens, have predicted oil prices at $150 a barrel this year. </P></p><p class='TableClas'></p></table>


Indian basket hits $121.71

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