The Price of Crude Soars to New Heights

Daily MailJune 19, 2005

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Summary


OIL prices hit fresh highs as the US driving season got under way.

Hopes of a price retreat were fading fast. Even a pledge by oil cartel Opec to raise production was shrugged off by traders.

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Extract


The Price of Crude Soars to New Heights

In the US, the price of crude oil rose by nearly $2 to a record $58....

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