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Oil Prices Rise Over Pre-Christmas Trading

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Oil prices rose yesterday, and reversed the prior session’s losses on a brightening short-term market outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays. According to Reuters, Brent crude futures rose by 88 cents, or 1.2 per cent, to trade at $73.51 a barrel, while…

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