Nov 4, 2010
Oil prices hit fresh six-month peaks
ENERGY
Oil prices hit fresh six-month peaks on Thursday as the dollar slumped on the back of the US Federal Reserve's new huge stimulus package aimed at boosting the American economy.
New York's main contract, light sweet crude for December, surged to $US86.49 a barrel, up $US1.80 from Wednesday's close. It had earlier reached its highest price since early May at $US86.78.
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Source: The Sydney Morning Herald
Category:
Offshore and Energy
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