Oil prices touch above $90 level

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by Yommie | October 19, 2007 at 01:12 am
259 views | 5 Recommendations | 1 comment

I hope developing countries (e.g. Nigeria) with crude oil resources will make use of the money wisely, instead of stuffing it in politicians pocket. Good luck to them.

Oil prices have broken through $90 a barrel for the first time, lifted by the low dollar and ongoing concerns over tensions in eastern Turkey.

US light crude rose to $90.02 in late Thursday trading in New York, before pulling back to $89.39 in early Friday trade in Europe.

Meanwhile, London's Brent had fallen back 30 cents to $84.30 from its overnight close of $84.60.

The weak dollar has made oil a more attractive investment.

Source: news.bbc.co.uk

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recommend This comment thread is now closed
liamssoft
liamssoft
flagged this story as Good Stuff

at 06:22 on October 19th, 2007

Yommie, Diesel now £1 ($2.05) per litre in the UK.

This story was created over 3 months ago, the comment thread is now closed.

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