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Oil Prices Rose Above $111 a Barrel

Oil prices rose Monday after global financial leaders expressed concerns about volatility in major currencies and the dollar slipped against the euro, according to the Associated Press.

Light, sweet crude for May delivery on the New York Mercantile Exchange rose $1.09 to $111.23 a barrel in electronic trading by midday in Europe. The contract rose 3 cents to settle at $110.14 a barrel Friday.

Posted by Peter C. T. Elsworth  at 9:36 AM to Crude oil market | Permalink

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