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/ 9 May 2008

Oil price vaults past $126

The price of New York crude oil soared above $126 per barrel on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said. New York’s main oil futures contract, light sweet crude for June delivery, spiked as high as $126,20 in London trading hours.

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/ 9 May 2008

Oil price surges past $125

The price of New York crude oil surged past $125 per barrel on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said. New York’s main oil futures contract, light sweet crude for June delivery, spiked as high as $125,98 in early afternoon London trading.

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/ 23 November 2007

Oil prices slip further from record heights

World oil prices fell on Friday after a momentous week that saw record peaks close to $100 as traders worried about tight energy supplies and geopolitical jitters in key producer countries. New York’s main contract, light sweet crude for January delivery, sank 95 cents to $96,34 per barrel. The contract had hit an historic $99,29 on Wednesday.

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/ 27 October 2007

Oil price hits record high on Iran tensions

World oil prices surged to historic highs on Friday, breaching $92 for the first time in New York amid rising tension in crude-rich Iran and tightening United States energy supplies. New York’s main futures contract, light sweet crude for delivery in December, soared to a record intraday high of $92,22 per barrel.

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/ 21 September 2007

Oil prices still surging in record week

The price of London Brent oil hit another all-time high on Friday on United States storm concerns at the end of a record-breaking week that saw New York crude soar beyond per barrel. The price of Brent North Sea crude for November delivery surged as high as ,35 per barrel, beating Thursday’s record.