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Crude Oil Futures Rise Above $63 a Barrel

Oil prices rose Thursday on comments by a top OPEC leader that the oil cartel will not pump more crude to meet an expected surge in demand during the summer driving season, the Associated Press reports.
The concerns surfaced despite a U.S. government report that showed domestic gasoline stockpiles increased last week.

Posted by   at 9:43 AM to Oil | Permalink

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