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| February 25, 2006 | Saturday | Muharram 26, 1427 |
Oil prices surge above $62
LONDON: Oil prices spiked more than two dollars on Friday to above $62 per barrel as supply concerns engulfed the market. Saudi Oil Minister Ali al-Nuaimi said that output from the world’s number one producer was unaffected by a foiled “terrorist” attack on Friday against a processing plant in the oil-rich eastern province.—AFP
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