Crude oil increases on the Iranian issue

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Source: Forexpros
© Scanpix/FP

Crude oil futures approached to two-week high, being above USD102-a-barrel as increasing tensions between West economies and Iran weighted up on possibility of supply disruption from the third biggest oil exporter. On the New York Mercantile Exchange, crude oil futures for January delivery were traded at USD102.12 a barrel at the early U.S. trade, gaining 1.15% since opening.     

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