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Tumbling US dollar fuels oil spike

WORLD oil prices ventured beyond $US110 a barrel territory for the first time this week, as investors continued fleeing from the tumbling US dollar.

Francine Pennington

Singpore's Tapis price continued climbing throughout the week to hit a high of $111.82 at the close of business yesterday, with New York's West Texas Intermediate price following a similar path to reach...

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