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Oil prices rise to record above $98 a barrel


Business | 206608 hits | Nov 07 5:55 am | Posted by: -Mario-
2 Comment

VIENNA, Austria � Oil prices jumped above $98 (U.S.) a barrel Wednesday, a new record, amid expectations of declining U.S. supplies. The falling dollar and OPEC's apparent reluctance to pump more crude into the market also boosted prices.

Comments

  1. by avatar BluesBud
    Wed Nov 07, 2007 5:01 am
    Well that's just great! Gas will be going up, Beer will be going up. What good is a strong Canadian dollar? Ya think we might get some enjoyment out of it. Hope things rebound by next summer.

  2. by avatar Numure
    Thu Nov 08, 2007 2:54 am
    Well, that actually is an advantage. Because of the rising Canadian dollar, our Gas prices have stayed steady. They even drop to 1.01 here(Saguenay). And as long as oil prices go up, the Canadian dollar goes up.



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