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Oil prices and rice race to record levels

In energy markets, Nymex May West Texas Intermediate hit a record $116.10 a barrel on Friday before easing back to trade 60 cents higher at $115.46, up 4.8 per cent this week. Tightening in the US market helped drive the price higher after the Energy Information Administration announced unexpectedly large declines in crude and petrol stocks. ICE June Brent added 42 cents at $112.85 a barrel..

Topic: Oil News Stories

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