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Oil Rises on Hurricane Concerns

Oil prices rose as traders monitored the pace and path of an Atlantic hurricane that could smash the oil and gas infrastructure in the Gulf of Mexico, though that appeared less likely Tuesday, according to the Associated Press.

Light, sweet crude for October delivery rose 10 cents from Friday's close to $74.14 a barrel in Asian electronic trading on the New York Mercantile Exchange, midafternoon in Singapore.

Posted by Peter C. T. Elsworth  at 10:06 AM to Oil | Permalink

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