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Oil prices rise after drop in US hiring expands (AP)
Source Name : Yahoo! News
Source Url : http://us.rd.yahoo.com
Publish Date : Fri, 03 Feb 2012 20:56:30 GMT
Summary :
<p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20120203/ap_on_bi_ge/oil_prices"><img src="http://d.yimg.com/a/p/ap/20120204/capt.037945149f6e4f219d9c9c761af7f3e1-037945149f6e4f219d9c9c761af7f3e1-0.jpg?x=130&y=88&q=85&sig=9mNQb3KcJrama5rV21Y1_g--" align="left" height="88" width="130" alt="Iranian Oil Minister Rostam Qassemi, speaks with media in his press conference in Tehran, Iran, Saturday, Feb. 4, 2012. Iran's oil minister repeated claims that an EU oil embargo will not cripple Iran's economy, claiming Saturday that the country already has identified new customers to replace the loss in European sales that accounted for about 18 percent of Iran's exports. Rostam Qassemi also reinforced Iran's warning to Saudi Arabia and other fellow OPEC members against boosting production to offset any potential drop in Tehran's crude exports, saying the cartel should not be used as a political weapon against a member state. (AP Photo/Vahid Salemi)" border="0" /></a>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.</p><br clear="all"/>
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