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Crude hits new all-time high of $127.42/bbl
Published on Fri, May 16 at 17:57 , Updated at Mon, May 19 at 12:56
Source : CNBC-TV18
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Crude has hit a new all-time high of USD 127.42 per barrel on speculation that China will need to increase diesel purchases for its generators. Some of China's power plants were shut after earthquake. Traders are also closely monitoring the meeting between US President George W. Bush and Saudi King Abdullah expected to happen later today.
Crude prices had fallen to USD124/bbl levels earlier due to a big increase in US natural gas stocks, which spurred profit-taking from recent highs.
In after hours access trading, crude was at USD124.76/bbl. |
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CNBC-TV18 poll sees inflation at 11.15%
The inflation has said to have stablized a bit for the moment....
in Economy - KARUNAS at 26-Jul-08 07:05
CNBC-TV18 poll sees inflation at 11.15%
All external factors are not favour for getting inflation down. Govt. not take any valid steps to curb inflation...
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