| Oil hits $135 |
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Crude oil climbed above $135 a barrel in New York for the first time due to supply concerns after US stockpiles unexpectedly dropped last week, reported Bloomberg. Crude oil for July delivery rose as much as $1.87, or 1.4%, to $135.04 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $134.85 a barrel at 9:30 a.m. Singapore time.
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