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Oil closes at record $143.57 on inventory, dollar concerns
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Posted on
Jul 03 2008 5:23 AM
by
adeal
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The worst news Wednesday regarding oil wasn't its record high close of $143.57 per barrel. It was the dollar. "There may be another record Thursday, and another Monday, and so on," energy trader Jim Dietz told BloggingStocks Wednesday. The reason? Concern that the already weak dollar will fall further, Dietz said. The European Central Bank meets Thursday to vote on interest rates.
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