Thursday, July 3, 2008

Oil now $146.34 and climbing

We may see $150 by the end of this afternoon.
clipped from

Oil prices strike record high $146 per barrel

LONDON (AFP) — London's Brent crude oil hit 146 dollars a barrel for the first time on Thursday, as traders reacted to Middle East tensions, falling US crude reserves and the weak dollar.

Brent North Sea oil for August delivery surged to a life-time peak of 146.34 dollars.

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