Oil hits new record above $145, then backs off - East Valley Tribune: Business

Oil hits new record above $145, then backs off

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Posted: Thursday, July 3, 2008 10:04 am | Updated: 9:16 pm, Fri Oct 7, 2011.

NEW YORK - Oil prices briefly soared to a new high near $146 a barrel Thursday, extending the previous day's record-shattering rally before easing as the dollar gained ground against the euro.

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