Oil nears $123 on $200 oil prediction, supply concerns at izbrano

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Oil nears $123 on $200 oil prediction, supply concerns

BusinessWeek - Oil futures blasted to a new record over $122 a barrel Tuesday, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at supply shortages. Retail gas prices edged lower, but appear poised to rise to new records of their own in coming weeks.

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