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The price of oil last night broke through the $80 a barrel level for the first time on fears of winter supply shortages.
News of a sharp drop in US oil stockpiles coupled with disappointment at the modest production increases announced by the Opec oil cartel sent the cost of US crude to $80.18 a barrel - beating the previous high of $78.77 reached last month. It later settled back to $79.91.
business.guardian.co.uk...