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Reuters: Oil jumps to new record as equities wilt

Started by chris, June 27, 2008, 11:41:08 AM

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chris

Oil jumps to new record as equities wilt
      


LONDON (Reuters) - Oil leapt to a new record high near $142 a barrel on Friday, extending gains after surging nearly 4 percent in the previous session, as tumbling global stock markets triggered a wider commodities rally.
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