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Oil Tops $99 as Dollar Sinks

Weak greenback and strong demand could send crude over $100 a barrel today

By Rob Quinn, Newser Staff

Posted Nov 21, 2007 4:05 AM CST

(Newser) – The price of oil hit a record high mere pennies from $100 a barrel and the dollar sunk to a new low in early trading today. Oil hit $99.29 but slipped back to $98.64. With cold weather hitting the US, and OPEC supplies... Read full story »

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Oil Tops $99 as Dollar Sinks

Weak greenback and strong demand could send crude over $100 a barrel today

oil • OPEC • euro • oil price • crude oil • US dollar • commodities

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More Newser Stories

Oil Gushes to Record $105.96

A weakening dollar and falling inventories of oil are pushing crude prices up

Oil Tops $130

Supply concerns drive crude

Dollar Hit as Emerging Economies Fight Inflation

$108 oil pushes gas prices higher

Dollar's Slide Pushing Oil Prices Higher

Economic data hammers the greenback as worries about US economy deepen

Dollar Slides to Record Low; Oil Tops $102

Investors bet on Fed rate cut, driving euro up against US currency

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