Oil hits record highs, nears $142

Brent North Sea crude reached a historic $141.98 and New York light sweet crude struck $141.71 a barrel in electronic deals.
Prices reached new heights a day after OPEC's president said they could reach $170 this year owing to a weak dollar and geopolitical unrest.
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First Published: Jun 27 2008 | 2:22 PM IST
