Oil Prices Soar Above $68

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Oil prices zoomed to a four-and-a-half month high above $68 a barrel Friday, rallying on supply fears tied to Iran’s tense diplomatic standoff with the West over its nuclear ambitions.


Light sweet crude for February delivery rose $1.52 to settle at $68.35 on the New York Mercantile Exchange. The February contract expired Friday. Brent crude for March delivery traded at $66.10 a barrel on London’s ICE Futures exchange, up 87 cents.


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