Oil breaches a $94 benchmark

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Source: Marketwatch
Crude oil futures for February settlement were higher by 0.7% reaching $94.22 a barrel by midday in Hong Kong trading session on Monday. The price has breached a $94 benchmark, as the U.S. Dollar depreciated and China has announced a positive data, that quotas for foreign investment can be increased by 10 times. That would possibly increase demand for oil in the second biggest world economy.
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Mon, 14 Jan 2013 11:36:07 GMT

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