Oil prices rose past US$112, an intraday trading record highs after the US dollar had a further fall relative to the euro and crude supplies to the US and elsewhere were disrupted. Light, sweet crude for May delivery rose to US$112.48 a barrel on the New York Mercantile Exchange midmorning, but later moved back to US$112.36 a barrel.
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Thursday, April 17, 2008
Oil prices rise to US$112 on supply concerns
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