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Archive Home > 2008 > June > 07 > Oil up, stocks down on ‘unprecedented’ day

Oil up, stocks down on ‘unprecedented’ day

Crude oil: Price increase could flow to consumers soon

By Martin Zimmerman, Elizabeth Douglass and Ronald D. White / The Bulletin
June 7, 2008

Crude oil rocketed more than $10 per barrel Friday to a record high of $138.54, snuffing motorists’ hopes that gasoline prices might ease soon.

“It’s like every time I look at the prices, they have jumped another 10 cents a gallon,” groused James Freedner,....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.