Oil price hits record high

Crude oil stayed close to record highs above $112 US dollars a barrel today - promising more pain at the petrol pump for motorists.

Oil price hits record high
Thu, 10 Apr, 2008 - 13:46

Crude oil stayed close to record highs above US$112 a barrel today - promising more pain at the petrol pump for motorists.

Concerns over supplies and a weakening dollar kept up pressure on prices, which peaked at a new high of $112.21 in New York yesterday.

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