World oil prices alleviated marginally, but continued to hover around record levels on mounting concerns about a weak US dollar and tight supplies. New York's main oil contract, light sweet crude for delivery in May, closed at US$110.11 per barrel a day after the contract had spiked to US$112.21 in intraday trade.
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Wednesday, April 16, 2008
Oil prices hover near record levels of US$110
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