Oil passes, settles above $145 for first time
(AP)
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Saudi Arabian Minister of Petroleum and Mineral Resources, Ali Naimi, speaks during a news conference at the World Petroleum Congress in Madrid, Thursday, July 3, 2008. Ali Naimi says OPEC's dominant producer had no immediate plans to boost crude output because there was no need to do so.(AP Photo/Daniel Ochoa de Olza)
AP - Oil prices raced above $145 a barrel for the first time Thursday as traders added to their bets on the commodity ahead of the long holiday weekend. |
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