BBC
Crude oil prices set new records on Thursday despite a commitment to boost output quotas from the Opec oil producers' cartel a day earlier.
News that US petrol and fuel oil stocks were more deeply depleted than expected overshadowed Opec's offer.
Brent crude topped $55 a barrel for the first time, reaching $55.53 in early London trade, before retreating slightly to $54.88 by lunchtime.
US light crude breached $57 a barrel for the first time, hitting $57.33.
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