Oil prices surge past $70 a barrel
China Daily | Updated: 2009-06-06 08:09
VIENNA: Oil prices are spiking above $70 a barrel for the first time since October. Benchmark crude for July delivery hit $70.32.
Prices jumped after a US report on Friday showed the pace of layoffs had eased in May.
The jobless rate, at 9.4 percent, is still the highest in more than 25 years.
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