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Crude Oil Climbs $1 On Supply Concerns |
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1:27 PM EDT June 02 2006 |
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Oil rose over $1, reflecting renewed supply concerns on news that eight foreigners working on a drilling rig off the coast of Nigeria had been abducted. Light crude July delivery rose $1.26 to $71.60 a barrel. London Brent crude gained 50 cents to $69.80. Gasoline rose 4 cents to $2.17 a gallon. |
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