Pricier Petrol Ahead As Oil Hits New High

Summary


OIL soared to a record of almost $126 a barrel this afternoon, adding further upward pressure on petrol prices at the pump.

Worries about violence in oil-rich Nigeria, and expectations of strong demand going into the summer, sent oil prices to their biggest weekly gain since March last year. US consumption always rockets as the summer driving season gets under way.

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Pricier Petrol Ahead As Oil Hits New High

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