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Oil rises above $48 amid conflict

 
BY THE ASSOCIATED PRESS    Comment on this article Leave a comment
Published: January 6, 2009

SIOUX FALLS, S.D. — Israel’s ground offensive in Gaza and a dispute between Ukraine and Russia over gas imports pushed oil prices to more than $48 a barrel Monday, but some analysts say there’s more than unrest in the Middle East behind the rally.

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Related Topics: War and Conflict, U.S. Markets, Business, Financial Markets, Oil Prices, Commodity Markets, Middle East Conflict, World Markets, Government and Politics



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