Highest Oil Price in Three Months

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Highest Oil Price in Three Months
Photo: Eric Gay/AP/TT

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The oil price is at its highest level in three months. A barrel of North Sea oil costs around 78.85 dollars on Friday.

The background to the price increase is, according to Financial Times, high demand from China and concern over decreasing crude oil stocks in the USA.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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