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Oil Gushes Past $145

Experts say a further weakening of the dollar will push prices higher still

By Jim O'Neill,  Newser User

Posted Jul 3, 2008 7:07 AM CDT

(Newser) – The specter of conflict in Iran and a surprisingly large decline in US stockpiles pushed European oil prices above $145 today for the first time, reports the AP. A further weakening of the dollar, if the European Central Bank raises interest rates as expected later...   Read full story »

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