US crude up $1 on hurricane concerns, weaker dlr

Mon Nov 9, 2009 4:30am GMT
 
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SINGAPORE, Nov 9 (Reuters) - Oil prices rose $1 to $78.43 a barrel on Monday, as Hurricane Ida roared through the Gulf of Mexico, where important oil fields are located, and on the back of the falling U.S. dollar.

By 0426 GMT, U.S. crude futures for December CLc1 were up 98 cents to $78.41 a barrel after earlier surging by $1.00. London Brent crude rose 90 cents to $76.77 a barrel. (Reporting by Judy Hua; Editing by Ramthan Hussain)

 

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