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Oil stretches to new record price

Oil prices have risen to a record high of $122.73 in bullish trading yesterday with the London Brent contract touching $120.99.

Oil stretches to new record price

Wed, 07 May, 2008 - 08:52

Oil prices have risen to a record high of $122.73 in bullish trading yesterday with the London Brent contract touching $120.99.

Oil prices have risen by 25% since the start of the year and nearly 100% since this time last year.

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