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Nuclear fears drive oil prices higher

Crude oil futures surged by more than $3 a barrel yesterday to a new record above $143, over market fears that Israel was planning to attack Iran's nuclear sites.

Crude oil futures surged by more than $3 a barrel yesterday to a new record above $143, over market fears that Israel was planning to attack Iran's nuclear sites.

Prices later retreated from session highs, but remained near record levels.