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Oil price jumps above 126 dollars for first time

 

LONDON
Petroleumworld.com, May 9, 2008

Oil prices hit a record high above 126 dollars on Friday, driven by speculative interest amid concerns about tight global energy supplies, analysts said.

New York's main oil futures contract, light sweet crude for June delivery, spiked as high as 126.20 dollars in mid-afternoon London trading hours.

Story from AFP
AFP 09 1329 GMT 05 08

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