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Crude prices climb in early October

10/18/2010
Sam FletcherThe price of front-month crude oil rose Oct. 8, its sixth increase within eight sessions in the New York market. The November contract for benchmark US light, sweet crudes rose 5% to consecutive new 7-week highs over the two final September sessions, then increased another 2% to $81.58/bbl Oct. 1, closing above $80/bbl for the first time since Aug. 10. It climbed as high as $84.09/bbl in intraday trading Oct. 6 on the New York Mercantile Exchange before closing at a 5-month high of $83.23/bbl, up 41¢ for the day. It dropped to $81.67/bbl Oct. 7, then rebounded to $82.66/bbl Oct. 8."Crude prices rose 1.5% as the dollar remained near 15-year lows vs. the yen and weaken...
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