Crude futures climb to a record $67.40
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Crude futures climb to a record $67.40
SAN FRANCISCO (AFX) -- October crude climbed as high as $67.40 a barrel, surpassing the record $67.10 for a benchmark contract, though the October contract did climb as high as $67.75 on August 12. Prices rallied on the heels of falling U.S. gasoline supplies, a tropical storm in the Atlantic that may threaten Gulf of Mexico output and ongoing tension in the Middle East.
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