Oil Prices Rise as Demand Rebounds - Wall Street Journal

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BY BRIAN BASKIN Crude prices rose as a government report showed an improvement in fuel demand. Wednesday morning in New York, light, sweet crude for March delivery recently traded 86 cents higher, or 1.1%, at $79.72 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 66 cents higher at $77.91 a barrel.

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