Oil for July delivery rose by over a dollar to US$94.4 on the Nymex, while in London, Brent crude for August delivery rose to US$$112.6 on the ICE Futures exchange. Oil prices have risen past US$94 a barrel in Asia on warning by energy industry expert that higher fuel costs could undermine global economic growth, and send global economy back into recession.
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Thursday, June 23, 2011
Oil prices cross US$94 amid warning that higher fuel costs could undermine global economic growth
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