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MARKETS

Team effort forces oil back up

Crude prices have done a swift turnaround after a week of decline as militants renewed their attacks on Iraqi pipelines, the Kremlin renewed its attack on Yukos and US fuel stocks took a dive.

Hayden Lilienthal
Team effort forces oil back up

New York's reference light sweet crude for October delivery gained 95 cents to US$44.95 in early deals, while benchmark Brent North Sea crude oil jumped $1.11 to US$42.58 per barrel. Iraqi oil officials...

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