Crude oil prices continue to move up, spiking to hundred dollars mid week.
CRUDE OIL Crude oil future spiked to US$100 per barrel mid week, before slipping to US$97.9 per barrel for February delivery on the New York Mercantile Exchange. Crude oil continues to rise on supply concerns in the first week of January 2008. The US$100 mark was breached midweek mainly as a result of violence in OPEC countries Nigeria and Algeria, a weak dollar, a sudden bout of cold weather.
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