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Oil recovers on Wall Street rally

THE oil price rebounded last night to close slightly higher following a rally in the stock market...

Marija Stojkovic

Yesterday, crude for March delivery settled up 85c to $US41.17/bbl on the New York Mercantile Exchange, while New York's Western Texas Intermediate jumped 88c to close at $US41.15/bbl. Singapore's Tapis...

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