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Home » Oil prices hit highest levels in more than two years
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Oil prices hit highest levels in more than two years

November 10, 2010
Mark B. Solomon
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Crude-oil futures continued their upward move Wednesday, rising 1 percent to hit their highest closing level since October 2008.

The price of the commodity so vital to transport interests gained $1.09 a barrel on the New York Mercantile Exchange to close Wednesday's trading at $87.81 a barrel.

Traders bid oil futures higher after a U.S. government report showed a surprise decline in oil inventories.

Transportation
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Marksolomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.

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