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Reuters: Oil rises $1 on supply concerns

Started by chris, July 02, 2008, 02:41:18 PM

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chris

Oil rises $1 on supply concerns
      


SINGAPORE (Reuters) - Oil rose more than $1 a barrel on Wednesday, within sight of Monday's record high above $143 on forecasts that global supply will lag demand and expectations the European Central Bank will raise interest rates later this week.
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