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Brent crude up over $2 on economic optimism, Iran worry
March 1, 2012 / 5:26 PM / 6 years ago

Brent crude up over $2 on economic optimism, Iran worry

NEW YORK, March 1 (Reuters) - Brent crude oil futures extended a rally on Thursday, rising more than $2 a barrel on economic optimism the wake of strong economic data from China that improved oil demand prospects. Iran-realted supply worries was also supportive.

In London, ICE Brent crude for April delivery traded at $124.88 a barrel, gaining $2.22, or 1.81 percent, by 12:18 p.m. EST (1718 GMT). (Reporting By Gene Ramos; Editing by David Gregorio)

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