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ny oil tops us102

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    NY oil tops

    February 29, 2008
    OIL prices in New York today soared past $US102 a barrel for the first time, lifted by strong demand and a further decline in the dollar.

    New York's main contract, light sweet crude for delivery in April, jumped $US3.10 to $US102.74 per barrel.

    Oil prices shot higher on the back of continued strong demand and further troubles for the dollar, which plumbed historic lows against the euro.
 
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