Oil Hits a Fresh Record at Over $120 a Barrel

Daily MailMay 06, 2008

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Summary


OIL hit a fresh record above $120 a barrel, sparking concerns the price of crude will have a significant drag on Britain's finances.

The respected Ernst & Young Item Club reckons the spiralling cost of the black stuff could 'snuff out' any recovery in economic growth.

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Extract


Oil Hits a Fresh Record at Over $120 a Barrel

Oil prices have risen by around 400pc during ...

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