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Oil and Gas WATCH

Prices climb to US$98.41

Oil prices climbed above US$98 per barrel yesterday after Iran again threatened to cut off supplies to Europe.

On the New York Mercantile Exchange crude rose by US$1.50 to finish at US$98.41 per barrel.

Natural gas fell by 7.8 cents to finish at US$2.472 per 1,000 cubic feet.

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