Crude for February delivery rose to US$89.49 in electronic trading on the Nymex. Oil futures reached $90.76 on Dec. 7, the highest since October 2008. Oil prices traded near its highest level in two wweeks on speculation that economic growth in USA will accelerate next year, bolstering demand there.
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Thursday, December 23, 2010
Oil at two week highs on speculation of accelerated 2011 economic growth in USA
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