from the BBC:
Global oil prices have surged to fresh record highs after increased tensions between Turkey and Kurdish rebels in northern Iraq. Oil traders fear that exports from northern Iraq could be hit.
In morning trade in Europe, both Brent and US light crude hit new peak levels, with Brent touching $81.93 a barrel and US light reaching $85.19.
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Monday, October 15, 2007
Tensions in Turkey lift price of oil in early trading
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