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Oil prices rise to new records (Lexington Herald-Leader)

Oil futures rose to new records Tuesday after the Federal Reserve cut interest rates by a larger than expected half percentage point, raising market hopes that economic growth will accelerate and lift demand even as crude oil and gasoline inventories are tight. A barrel of crude surged to a new trading high of $81.90 on the New York Mercantile Exchange in the moments immediately after the Fed’s …

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