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April 22, 2008
Oil hits new record above $118 a barrel
LONDON - Oil rose to a record high above $118 on Tuesday, boosted by a jump in oil demand last month from China, the world's second biggest energy consumer, and worries about supply from key producers Russia and Nigeria, according to Reuters News Agency.
Posted by Peter C. T. Elsworth
at 9:31 AM to Crude oil market
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