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EUROPE

Russia plays roulette with prices

Remember when US$35 was an exorbitant price for a barrel of oil? Well, times have changed and it seems the fragility of the world’s energy supply might have come as a shock to the rest of the planet.

Hayden Lilienthal

Prices this week have set a number of new records with New York Mercantile Exchange crude for September delivery hitting US$44.45 a barrel in after-hours trading, after earlier matching an intraday record...

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