Oil rises on U.S. 'fiscal cliff' deal

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Source: Bloomberg
Oil advanced in New York as the U.S. lawmakers passed a budget bill that averts spending cuts and tax increases that threatened to drag the world's biggest economy into recession. Crude for February settlement climbed $1.02 to $92.84 a barrel and was at $92.84 at 3:04 p.m. in Singapore. Brent for February delivery gained 97 cents, or 0.9%, to $112.08 a barrel.
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Wed, 02 Jan 2013 09:27:50 GMT

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