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Commodities Briefing - Categorized | Oil, Price Watch more

Oil rises above $78 on Chinese data, weaker dollar

Posted on 02 December 2009

From AP: Oil prices rose above $78 a barrel Tuesday, driven by positive economic data from China, the dollar’s weakness against the euro and optimism on world stock markets.

By early afternoon in Europe, benchmark crude for January delivery was up 85 cents to $78.13 in electronic trading on the New York Mercantile Exchange……………………………Full Article: Source

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