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US woes push oil prices higher

A BARREL of Asia-Pacific crude is now pushing $110, with the price spike coming as the European Union's energy commissioner warns that oil could reach $200 a barrel in only three years.

Francine Pennington

Singapore's Tapis price shot up an impressive $5 to $109.19 yesterday, with New York's West Texas Intermediate price trailing not too far behind at $105.51 a barrel. While these prices may seem high...

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