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Reuters: Oil hits record near $130 as supply fears grow

New York, NY (Reuters): Crude oil prices scaled a new peak near $130 a barrel on Tuesday amid deepening worries over tight global stockpiles and signals from OPEC that no additional supplies are forthcoming to ease the crunch.
Billionaire investor T. Boone Pickens said Tuesday he expected oil to hit $150 a barrel this year. The [...]

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Tag archive for ‘World Energy Demand’

Reuters: Oil hits record near $130 as supply fears grow

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