Oil surpasses $135 a barrel on new supply concerns
10:16 AM Thu, May 22, 2008 | Permalink
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Oil prices rose above $135 a barrel for the first time Thursday, with supply worries, global demand and an ever weakening U.S dollar driving crude futures up, according to the Associated Press. Also on Thursday, The Wall Street Journal reported that the world's top energy watchdog is preparing a sharp downward revision of its oil-supply forecast. 
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