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MOMENT

Tuesday, July 1, 2008

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World Oil
Price of Oil above US$140

THE price of oil has not stopped setting records. During trading on Friday last week, the price of light sweet crude reached US$142.99 per barrel before closing at a position of US$140.21 per barrel. This is the first time that the price of oil has gone above US$140 per barrel.

This latest oil price record was in part triggered by a statement made by Chakib Khelil, President of the Organization of Petroleum-Ex

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