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Oil hits 4-month high on US economic data, Algeria

By The Associated Press Published: January 18, 2013

The price of oil rose to a four-month high Thursday on positive reports about the U.S. economy.

Benchmark oil gained $1.25 to finish at $95.49 a barrel, the highest close for crude on the New York Mercantile Exchange since Sept. 17. Oil has now gained 4 percent this year.

Strong reports on...
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