Crude Oil prices cross $52 a barrel
New York: Oil prices touched a historic high of US$ 52.5 per barrel with analysts worrying that the worst was perhaps yet to come.

The immediate triggers include Hurricane Ivan disrupting US production around the Gulf of Mexico by close to 30 per cent, and worries that demands of the US, the biggest consumer may outstrip supplies as winter approaches.

Tensions in Nigeria, a key producer, is also making things worse.
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