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Reuters: Oil hits record $114, Britain calls for OPEC hike

Started by chris, April 16, 2008, 03:42:02 AM

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chris

Oil hits record $114, Britain calls for OPEC hike
      


NEW YORK (Reuters) - Oil prices jumped to a new peak over $114 a barrel on Tuesday amid lingering supply worries and weakness in the U.S. dollar, deepening concern in world consumer nations that a spike in energy costs could cause severe economic damage.
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