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05-Jun-2009 1:55 AM

Jet fuel prices soar 15% in a week

Analysis

The prospects of a financial recovery in the airline sector have taken a major hit in the past week with a 15% surge in spot prices around the world - outstripping the big increases in crude prices. Crude set a new high for the year overnight, closing up over 4% to USD68.81 per barrel in New York, having reached USD69.60 earlier in the day.

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