Oil prices nudge record high

Oil prices were hovering close to last week’s record high today after breaking through the $50 mark again.

Oil prices nudge record high
Tue, 05 Oct, 2004 - 12:27

Oil prices were hovering close to last week’s record high today after breaking through the $50 mark again.

Production problems in the Gulf of Mexico due to the impact of Hurricane Ivan continued to have an impact, while anxiety over unrest in Nigeria and Iraq also contributed to the latest surge.

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