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| June 07, 2008 | Saturday | Jamadi-us-Sani 02, 1429 |
Oil price hits $138.5
NEW YORK, June 6: The oil price reached a new record of more than $138 a barrel after a report suggested it could reach $150 by July amid rising geopolitical tensions.
Crude oil in New York gained more than $10 to hit $138.54 a barrel. The rise came as US shares fell sharply in response to unemployment figures reaching 5.9 per cent, a four-year high.
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