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Oil Hits Record High

05 March 2008

The price of crude oil reached an all-time high, rising $4.89 to $104.41 a barrel.

Coffee prices fell 1.5 cents to close at $1.62 a pound.

Copper prices rose 16 cents to settle at $3.99 a pound.

And cocoa prices rose $28 to reach $2,778 per ton.

Some information for this report was provided by AP and Bloomberg.

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