Friday, June 6, 2008

Oil jumps as much as $11 to new high above $1339

By Adam Schreck, AP Business Writer - NEW YORK — Oil prices shot up more than $11 to a record above $139 Friday after Morgan Stanley predicted prices would hit $150 by the Fourth of July. The unprecedented jump is all but certain to drive gas prices well past the $4 mark in the coming weeks.

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