The world oil prices mount to a record US$146 a barrel on Thursday. The traders attribute this rise to the factors like falling US oil reserves, geopolitical tensions and a weakening dollar. Oil pricees, which have doubled in value over the past year, were driven higher by news earlier this week that American crude stockpiles fell by 2.
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Monday, July 07, 2008
Oil prices escalate to a new record US$146
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