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Oil hits record above $147
JICWyllie
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0
7-11-2008 3:22 PM
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tags:
energy
,
oil
,
i-prices
,
i-increase
,
i-record
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f8a21b66-ff58-4e20-b5e2-7bb576269ec8/449D918E-5DF3-4F42-8AA8-AD3C00417080/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/6cec3722-4f24-11dd-b050-000077b07658.html" href="http://www.ft.com/cms/s/0/6cec3722-4f24-11dd-b050-000077b07658.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/6cec3722-4f24-11dd-b050-000077b07658.html">Oil prices rose $5 to a record above $147 a barrel on Friday as strike threats and deepening geopolitical tensions raised fears over the safety of supplies.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/6cec3722-4f24-11dd-b050-000077b07658.html"><P>Having rallied more than $5 overnight, Brent crude rose a further $5.22 to $147.25 a barrel.</P><P>Nymex West Texas Intermediate rose $5.25 to $146.90 a barrel, having traded below $136 a barrel on Thursday.</P><P>A union of employees from Petrobras, the Brazilian state-controlled oil company, in the Campos basin – where 80 per cent of Brazil’s oil is produced – said that they would shut down rigs to press for better pay.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/6cec3722-4f24-11dd-b050-000077b07658.html">Oil also got a boost from news that the main militant group in Nigeria’s oil-rich Niger Delta was abandoning a ceasefire in response to Britain’s offer to help tackle lawlessness in the area.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/449D918E-5DF3-4F42-8AA8-AD3C00417080/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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