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Oil breaks through $US50 mark

OIL closed above $US50 a barrel last night for the first time this year after the US Federal Rese...

Marija Stojkovic

Yesterday, New York's Western Texas Intermediate jumped $US3.34 to settle at $US51.46/bbl after the Federal Reserve said it plans to spend $US1 trillion buying back debt. Singapore's Tapis also edged...

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