Financial Times FT.com

US energy costs surge as oil breaks $67

By Javier Blas in London and Christopher Swann in Washington

Published: August 12 2005 19:39 | Last updated: August 12 2005 19:39

US energy costs surged on Friday with oil, petrol, heating oil and natural gas all hitting new nominal highs, pushing equities and bond yields down.

Oil futures broke through $67 a barrel to reach the fifth record of the week, while natural gas rose to the highest price recorded for a summer contract.

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