Oil leaps to new record near $130 a barrel

                   
reuters.co.uk     20-May-2008            

By Richard Valdmanis NEW YORK (Reuters) - Crude oil prices scaled a new peak near $130 a barrel on Tuesday amid deepening worries over tight global stockpiles and signals from OPEC that no additional supplies are forthcoming to ease the crunch. Billionaire investor T. Boone Pickens said Tuesday... [read full story]                    

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