| Oil up on EU sanction against Iran |
| Last Updated(Beijing Time):2012-01-24 08:14 |
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Oil prices gained on Monday after the European Union announced to impose sanctions on Iranian oil, spurring fresh supply concerns.
Light, sweet crude for March delivery gained 1.25 dollars, or 1. 3 percent to settle at 99.58 dollars a barrel on the New York Mercantile Exchange. |
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