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Oil surges above 119 U.S. dollar on gasoline supply drop |
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21:55, August 21, 2008 |
Crude oil surged back above 119 U.S. dollars a barrel Thursday morning on the larger-than-expected drop in U.S. gasoline inventory.
Light, sweet crude for October delivery rallied 3.76 dollars to119.32 dollars a barrel as of 09:41 EST (1341 GMT) on the New York Mercantile Exchange.
Source: Xinhua
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