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Oil tops $120


Published May 6, 2008
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Statfjord Statoil

The price of oil pierced the $120-a-barrel mark on Tuesday after U.S. warnings to countries doing business in Iran reached new heights, and insurgents in Nigeria struck at Shell installations.

WTI oil traded at $120.93 early in the day after four dollars of gains in New York trading on Monday.




   

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