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Crude Oil Surges Over $40

Date:	11-May-2004	Entity:		Country:	United States

Area:	Economy	Leader:		State:

Class:	Economy	Resource:	Petroleum	City:


Conflict:		Strategy:		Trend:

Campaign:		Tactic:		Prediction:

Battle:		Metric:		Product:

	Crude oil futures closed above US$40 for the first time in 13 years due to rising global demand and concerns about U.S. supply shortages.

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