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Market MovementOil futures prices reach new highCrude oil futures prices last week reached above the $44/bbl mark on the New York Mercantile Exchange, setting another record.The September contract closed Aug. 3 at $44.15/bbl, the highest level since that commodity began trading on NYMEX in 1983.In the next day of trading, however, oil futures prices then reversed their record-breaking rise on NYMEX, falling by $1.32 at closing.The price escalation to new record levels began July 28 as the September contract touched an intraday high of $43.05/bbl before closing at a record $42.90/bbl, up $1.06 for the day on NYMEX, amid fears of a possible shutdown of production by OAO Yukos, Russia's ...

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