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Oil price breaks through 125 dollars for first time
Friday May 9, 2008, 8:35 pm

LONDON (AFP) - The price of New York crude oil surged past 125 dollars per barrel on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said.

New York's main oil futures contract, light sweet crude for June delivery, spiked as high as 125.12 dollars in late morning London trading.
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