Traders were also focused on northern Iraq, after the Turkish parliament on Wednesday authorized military incursions to hunt down Kurdish rebels.
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Crude Prices Hit Another Record!
Some analysts believe US$90 oil is possible within the current calendar year
Crude oil futures reached another record high Thursday, boosted by a weaker dollar and concerns over the possibility of disruptions to Iraqi oil production.
Crude for November delivery finished up $2.07 at $89.47 a barrel, after reaching a new all-time trading high of $89.78.
Traders were also focused on northern Iraq, after the Turkish parliament on Wednesday authorized military incursions to hunt down Kurdish rebels.
Some analysts believe US$90 oil is possible within the current calendar year.
Traders were also focused on northern Iraq, after the Turkish parliament on Wednesday authorized military incursions to hunt down Kurdish rebels.
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