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    market news

    Oil Rose 18 Cents as U.S. Supplies Did Not Grow as Expected

    Investing News Network
    Feb. 08, 2012 10:56AM PST
    Oil and Gas Investing

    Bloomberg reported that oil rose 18 cents as U.S. supplies did not grow as expected last week.

    Bloomberg reported that oil rose 18 cents as U.S. supplies did not grow as expected last week.

    As quoted in the market news:

    Benchmark U.S. crude rose by 18 cents to $98.59 per barrel in New York. Brent crude, which is used to price foreign oil varieties, rose by 29 cents to $116.52 per barrel in London.

    Click here to read the full Bloomberg reported report.

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