Oil Price Soars to $70 a Barrel

Daily PostAugust 04, 2009

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Summary


OIL prices yesterday climbed above $70 a barrel amid further signs that a global economic recovery will boost demand.

Benchmark crude for September delivery rose to $70.18 a barrel in Singapore and is expected to test its eight-month high of $73.23 in coming days.

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Oil Price Soars to $70 a Barrel

The rally come...

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