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Oils hits the $100 mark
- Thursday, January 03 - 2008 at 09:01
Oil hit a record of $100 a barrel triggered by tight energy stockpiles in consumer countries, and a weak dollar which caused a flood of speculative buying, reported Gulf News. Oil's climb to the psychological triple-digit price sent Wall Street tumbling and darkened an already bleak economic outlook in the US, battered by a mortgage crisis.
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Amena Bakr, Senior ReporterThursday, January 03 - 2008 at 09:01 UAE local time (GMT+4)
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