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Oil Prices Hit $100 a Barrel
September 17, 2012
Crude oil prices hit more than $100 a barrel last week, marking the highest price since May 4 and leading to industry speculation as to whether President Obama will tap the Strategic Petroleum Reserve (SPR) ahead of the Nov. 6 election. The Federal Reserve's plan to keep interest rates at record lows as well as escalating turmoil in the Middle East are expected to drive oil prices up.
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- NATSO News Weekly (NNW)
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