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Business Week reported that oil surged on concern over shrinking supplies of crude worldwide after EU’s signal that it may ban imports from Iran.
Business Week reported that oil surged on concern over shrinking supplies of crude worldwide after EU’s signal that it may ban imports from Iran.
As quoted in the market news:
Crude for January delivery gained as much as 57 cents to $101.85 a barrel in electronic trading on the New York Mercantile Exchange.