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Tue, Aug 09, 2005 - Page 12 News List

Oil futures strike a new high in Asia

SECURITY ISSUES After the US government announced the closure of its embassy and consulates in Saudi Arabia, the price of light, sweet crude rose as high as US$62.69

AP , SINGAPORE

Ken Hasegawa of Tokyo-based brokerage firm Himawari CX said the buying momentum propelled by refinery woes was "strong enough to push September Nymex crude to as high as US$62.80 a barrel."

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