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February 19, 2008
| Oil Price Sets New Record | Peak Oil |
AP:
Oil prices hit new record highs Tuesday as a Texas refinery fire and fears of an OPEC production cut pushed crude to settle at over $100 a barrel for the first time ever.U.S. crude for March delivery jumped $4.51 to settle at $100.01 a barrel on the New York Mercantile Exchange, topping the previous settlement record of $99.62 set Jan. 2.
Oil also hit a new all-time trading high of $100.10 a barrel, besting the previous high of $100.09 set Jan. 3.
Posted by Jonathan at February 19, 2008 02:54 PM
