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Gas jumps above $3.67, oil passes $126

NEW YORK -- Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member, according to the Associated Press.

Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher.

Posted by Peter C. T. Elsworth  at 2:02 PM to Crude oil market , Gas prices | Permalink

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