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Monday, June 16, 2008

Supply panic pushes oil over $120

Mon, 05 May 2008 21:02:53

Oil prices have skyrocketed to over $120 per barrel as Iran promises not to consider any incentives which violate its nuclear rights.

An increase in supply panic caused by Iran's nuclear dispute with the West and a rebel attack in Nigeria pushed US crude oil futures to $120.20 a barrel on Monday, before slipping back to $120.. . . . .read more

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