Oil surges to new record price

Stock markets were expected to come under more pressure today after oil prices surged to a new record above $145 a barrel.

Oil surges to new record price
Thu, 03 Jul, 2008 - 08:55

Stock markets were expected to come under more pressure today after oil prices surged to a new record above $145 a barrel.

Brent crude for August delivery traded on the London-based ICE Futures Exchange reached $145.75 before easing back slightly.

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