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Crude hits $147.27/bbl

Published on Fri, Jul 11, 2008 at 14:02 , Updated at Sun, Jul 13, 2008 at 22:14
Source : CNBC-TV18

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Crude prices jumped nearly USD 10 per barrel in the last two trading sessions. This is mainly due to threats to production in Nigeria and Brazil. Additional missile tests by Iran also escalated tensions. It was trading at USD 147.27 per barrel on the Nymex.

 

Iran test-fired nine long and medium-range missiles on Wednesday during war games and oil prices jumped on news of the missile tests.

 

Crude prices have risen to record highs yet again, bucking a sharp fall earlier this week. Oil workers in Brazil have threatened to strike. Unrest in West Asia and Nigeria also threaten to disrupt supplies. All this sent crude on the Nymex to a record high of nearly USD 147 a barrel.

 

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Is indian economy collapsing????!!!!

-Q- If one is having an investment horizon of say one year or so, it is better and safer to keep the money in FDs....

in Economy - Sriman35 at 10-Oct-08 10:08

Is indian economy collapsing????!!!!

Dear marketman It seems to me that Indian economy is not collapsing. Now it is the big guys in Indian corporate ...

in Economy - aahoo at 10-Oct-08 10:05

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