TITLE:Oil Surges Above $130 a Barrel on Supply Concerns.
WHO:Oil prices .
WHAT:Oil prices rose above $130 a barrel for the first time Wednesday in Asia as supply concerns mounted and the dollar weakened.In Tokyo's currency market, the dollar was trading at 103.25 yen, down from the 104-105 range last week. And the euro has started to climb again against the dollar, rising above $1.5750 in Asian trading.
WHERE:ASIA.
WHEN:Wednesday, May 21, 2008.
WHY:major Chinese petrochemical companies are really struggling to keep up with demand
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