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Evening Standard
Evening Standard
Business
Jonathan Prynn

Oil prices surge higher as OPEC boss warns they are “nowhere near” the peak

The average cost of filling a typical family car with petrol could exceed £100 for the first time on Wednesday (Joe Giddens/PA)

(Picture: PA Archive)

The price of a barrel of oil surged more than a dollar today raising fears that forecourt prices will continue to rise to new record highs.

By earely afternoon a barrel of benchmark Brent Crude was worth $121.67 up $1.10 or 0.9 per cent.

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