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Oil continues to climb

AFTER a midweek slump, oil rallied to set a fresh high for 2009 as equity markets climbed on the back of better than expected economic indicators.

Marija Stojkovic

Last night, New York's Western Texas Intermediate jumped $US1.63 to settle at $US53.87 a barrel. Singapore's Tapis also followed suit, closing US56c higher to $US55.45. The latest price hike came as...

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