Tue Oct 25 12:37:00 CDT 2011
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MARKET WATCH: Crude oil futures price jumps 4% in New York market
In one of the strongest showings this year, the front-month contract for benchmark US crude jumped more than 4% Oct. 24 in the New York market, moving into backwardation with subsequent monthly contracts priced sequentially lower and the current December contract $1/bbl higher than that for December 2012.