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Join Date: 27 Apr 2010
Location:  KuwaitPosts: 303 |
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Oil near $71 as stocks bolster confidence |
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SINGAPORE (AP) -- Oil prices rose to near $71 a barrel Monday in Asia as recovering stock markets bolstered the confidence of crude traders.
Benchmark crude for July delivery was up 87 cents to $70.91 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost 76 cents to settle at $70.04 on Friday. |
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