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Oil prices on the march again

Oil prices climbed today on continued concerns that U.S. refiners are not producing enough gasoline to meet peak summer demand, the Associated Press reports.
The upward trend was held in check, however, with news from Nigeria that a key pipeline hub that had been taken over by protesters for nearly a week had started pumping again.
Light, sweet crude for June delivery gained 34 cents to $65.28 a barrel on the New York Mercantile Exchange by noon in Europe.

Posted by   at 9:40 AM to Oil | Permalink

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