Crude oil futures have bounced above US$96 a barrel on Friday. Light, sweet crude for December delivery rose to a record high of US$95.93 a barrel on the New York Mercantile Exchange. At this level, crude prices are within the range of inflation-adjusted highs set in early 1980. Depending on the how the adjustment is calculated, US$38 a barrel then would be worth US$96-103 or more today.
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Sunday, November 04, 2007
Crude oil within range of inflation adjusted highs
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