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Monday, March 03, 2008

Crude Tops Inflation-Adjusted All-time High

Crude-oil futures surged above their inflation-adjusted high Monday, climbing $2.08 to $103.92 a barrel in New York Mercantile Exchange trading, amid a weakening dollar and indications that OPEC is leaning against an increase in output. The previous high of $103.76, in January dollars, was set in April 1980.