Crude oil hits $75.89, a new record high

Crude oil rose to a record in New York and London after a report that militants attacked pipelines in Nigeria, closing 120,000 barrels a day of production. Oil for August delivery rose to $75.89 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude oil rose to a record $75.45 a barrel on London's ICE Futures Exchange.

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