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Supply fears buoy oil prices

WORLD oil prices shot up well past the $US100 a barrel mark this week, amid jitters that OPEC wou...

Francine Pennington

A barrel of New York's West Texas Intermediate crude hit a record high of $101.32 in Thursday trading, before dropping steeply to settle at $98.23 at the close of business. Meanwhile, Singapore's Tapis...

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