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Business Week reported that oil surged $1.54 to settle at $85.99 a barrel when a labor strike threatened to stop all offshore oil and gas production in Norway.
Business Week reported that oil surged $1.54 to settle at $85.99 a barrel when a labor strike threatened to stop all offshore oil and gas production in Norway.
As quoted in the market news:
Oil for August delivery rose $1.54 to settle at $85.99 a barrel on the New York Mercantile Exchange.
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