Oil prices hit new record high

Oil prices moved closer to the 50 US dollars a barrel mark by rising to a record high in New York today.

Oil prices hit new record high
Wed, 18 Aug, 2004 - 16:03

Oil prices moved closer to the 50 US dollars a barrel mark by rising to a record high in New York today.

The cost of crude soared to a fresh 21-year high of more than 47 US dollars a barrel amid continued concerns over tight global supply.

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