Markets
Gas jumps above $3.67, oil passes $126 on Venezuela concerns
By John Wilen
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Posted 10 May 2008 @ 08:00 pm HKT
Traders work the Crude Oil trading pit at the New York Mercantile Exchange Friday, May 9, 2008, as oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confro...
China's inflation jumps to 8.7 pct.Diesel is used to move most of the world's food, consumer and industrial goods via truck, ship and rail. Skyrocketing diesel prices are part of the reason food and consumer goods prices are so high.
In other Nymex trading Friday, June gasoline futures rose 6.34 cents to settle at a record $3.2012 a gallon after rising to its own record of $3.2038, and June natural gas futures rose 27.4 cents to settle at $11.537 per 1,000 cubic feet.
In London, June Brent crude futures rose $2.56 to settle at $125.40 a barrel on the ICE Futures Exchange.
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