Oil prices up again

After closing at a record $63.94 yesterday, the cost of a barrel of US light crude rose even higher to touch $64.27 in overnight trading.

Oil prices up again
Tue, 09 Aug, 2005 - 10:43

After closing at a record $63.94 yesterday, the cost of a barrel of US light crude rose even higher to touch $64.27 in overnight trading.

The latest surge comes as fears of instability in the Middle East grow and supply is disrupted by unplanned shutdowns of refineries in the United States.

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