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08:03, July 17, 2007 |
Crude prices rose on Monday on worries of a summer gasoline crunch in the United States.
Light, sweet crude for August delivery was up 22 cents at 74.15 a barrel on New York Mercantile Exchange.
London Brent settled down 24 cents to 77.33 dollars a barrel after hitting 78.40 dollars earlier in the day.
Goldman Sachs said in a Monday research that oil prices could reach 90 dollars a barrel this autumn and 95 dollars a barrel by the end of the year if the Organization of the Petroleum Exporting Countries does not ease production cuts that have helped tighten global markets.
Source: Xinhua
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