Oil prices hit a new high, near $140 a barrel

June 17th, 2008 - 7:18 am ICT by IANS  

New York, June 16 (Xinhua) Crude futures surged and set a new record as the crude oil prices reached nearly $140 a barrel Monday on a weak dollar. Light, sweet crude for July delivery rose $5.03 to hit $139.89 a barrel on the New York Mercantile Exchange.

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