Oil Climbs, Heads for Second Week of Gains

Bloomberg reports that Oil rose in New York, heading for a second weekly gain.

The market news is quoted as saying:

The March contract gained as much as 32 cents to $90.86 a barrel, in electronic trading on the New York Mercantile Exchange, and was at $90.78 at 11:42 a.m. Sydney time. Yesterday, it fell 32 cents to $90.54. Prices are up 1.6 percent this week and are 18 percent higher the past year.

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