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Monday, November 9 - 2009

Oil price soars to $147

  • Middle East: Saturday, July 12 - 2008 at 08:08

Oil prices have hit a new record high, soaring above $147 on Friday amid simmering tensions over crude producers Iran and Nigeria and a looming strike in Brazil, according to news agencies. US crude rose by $3.25 to $144.90 a barrel by 1827 GMT, after climbing as high as $147.27 earlier in the day.

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