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Oil prices climb as U.S. factory data stronger than expected

June 2, 2008 · Filed Under Oil and Energy · Comments 
Oil prices climbed on Monday. Apparently, the U.S. economy isn’t quite as bad as most talking heads proclaim. And a slightly stronger-than-expected manufacturing report is enough to fuel bullish speculation. Light sweet crude for July delivery rose 41 cents to close at 127.76 dollars a barrel. Read more

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