New York's main contract, light sweet crude for delivery in March spiked by over two dollars to US$95.46 a barrel. Oil prices spiked above US$95 as economic data from the US and Japan was marginally above expectations. A smaller-than-expected rise in American energy stockpiles also contributed to the outlook.
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Monday, February 18, 2008
Oil prices jolt past US$95 on release of optimistic economic data from USA ...
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