Business Standard

Indian basket at all-time high of $136.66

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Newswire18 New Delhi

On Friday, crude oil prices on New York Mercantile Exchange rose to a fresh high of $142.99 a barrel on weak dollar and supply concerns after BP announced it was closing a key refinery in the Netherlands for maintenance and repair.

A weakening dollar makes dollar-denominated commodities like crude oil and metals cheaper for buyers.

 

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First Published: Jul 01 2008 | 12:00 AM IST

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