Crude oil futures surge on supply concerns

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Source: Forexpros

Crude oil futures increased on the concerns over possible supply disruptions and strong economic data in the world. Labour disputes in Kazakhstan and fresh sanctions to be imposed on Tehran both contributed to supply worries. Light, sweet crude oil futures for February delivery traded at USD97.58 a barrel at the morning trade on the New York Mercantile, gaining 3.75%.

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Wed, 21 Dec 2011 10:44:30 GMT

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