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Oil prices rise after drop in US hiring expands

Originally published: February 3, 2012 10:14 AM
Updated: February 3, 2012 3:57 PM
By The Associated Press  CHRIS KAHN (AP Energy Writer)

Quick ReadJump in hiring boosts oil prices near $98; price ends higher for 1st time in a week

(AP) -- A surge in U.S. hiring lifted oil prices for the first time in a week. As more Americans commute to work and the economy picks up, demand for energy is expected to rise.

U.S. benchmark crude increased by $1.48 on Friday to end the week at $97.84 per barrel. It was the first time since Jan. 26 that the price of crude ended the day higher. Brent, used to price international varieties...

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