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Oil hits 100 dollars for first time
The price of oil on Wednesday hit 100 dollars a barrel for the first time in history, dealers said. On the New York Mercantile Exchange (Nymex) at 1720 GMT, a barrel of "light sweet crude" for February jumped 3.48 dollars to 99.46 dollars. Shortly before it had reached the exact price of 100 dollars a barrel. In London, Brent North Sea crude for February soared to a record 97.05 dollars per barrel. It later stood at 96.85 dollars, up three dollars from its close on Monday. Posted by: anonymous5089 2008-01-02 |
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