Oil price rises to all-time high

[Mr. Boo]

Oil prices have climbed to a record high of $78.71 a barrel amid worries about whether oil supplies can meet global demand.
The price of a barrel of US light, sweet crude passed the previous high of $78.40 a barrel, reached in July 2006.

Prices have risen steadily in the past few weeks following disruption to output in Nigeria and the North Sea and set a new closing high on Tuesday.

The latest rise was triggered by data showing a fall in US crude stockpiles.

[Boring Stock Lover]

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