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US crude up, above $108/bbl on upbeat economic data
March 1, 2012 / 5:36 PM / 6 years ago

US crude up, above $108/bbl on upbeat economic data

NEW YORK, March 1 (Reuters) - U.S. crude oil futures extended gains to hit an intraday high above $108 a barrel on Thursday, on upbeat economic data from the United States and China and persistent worries about Iran supply disruption.

NYMEX crude for April delivery climbed to a session high of $108.31 a barrel, up $1.24, or 1.16 percent. By 12:29 p.m. EST (1729 GMT), it traded at $108.10, up $1.03, or 0.94 percent. (Reporting by Gene Ramos; Editing by Lisa Shumaker)

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