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Archive Home > 2008 > May > 06 > Oil sets new record as it passes $120 a barrel

Oil sets new record as it passes $120 a barrel


May 6, 2008

NEW YORK — Oil futures surged to a new record over $120 a barrel Monday, raising concerns about higher prices for gasoline and goods and services throughout the economy.

Retail gas prices fell more than a cent over the weekend, but oil’s advance increased the likelihood that....

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