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| May 16, 2008 | Friday | Jamadi-ul-Awwal 10, 1429 |
Oil flirts with $127
LONDON, May 15: Oil prices flirted with record levels close to $127 per barrel in volatile trade on Thursday amid widespread fears over stretched global energy supplies, traders said.
New York’s main oil futures contract, light sweet crude for June delivery, jumped $1.10 to $125.32, after earlier spiking to $126.64 which was not far off Tuesday’s record high of $126.98.—AFP
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