Overview
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Oil prices hit a new high on July 28th as the benchmark US light-crude contract topped $43 a barrel after Yukos, Russia's biggest oil company, claimed its tax dispute with the government might halt production. This was later denied by tax officials. London Brent crude rose to its highest level since 1990.
This article appeared in the Economic & financial indicators section of the print edition under the headline “Overview”
From the July 31st 2004 edition
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