Oil prices hit 18-month high

Oil prices hit their highest level for 18 months today amid recovery hopes for the US economy after better-than-expected jobs data.

Oil prices hit 18-month high
Mon, 05 Apr, 2010 - 12:50

Oil prices hit their highest level for 18 months today amid recovery hopes for the US economy after better-than-expected jobs data.

Crude oil for May delivery hit a high of $85.89 a barrel at one point in New York trading - the dearest since the peak of the financial crisis in October 2008.

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CourtsBusinessOil pricesPlace: USPlace: New YorkPlace: SingaporePlace: UKPerson: Clarence ChuPerson: ChancellorPerson: Alistair DarlingOrganisation: Hudson Capital EnergyOrganisation: Hermes Commodities
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