Oil Prices Jump More Than $1

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Oil prices rose more than $1 a barrel Monday in response to violent militant action against oil pipelines in the Niger Delta that led to a 20 percent cut to Nigeria’s oil production.


Trading on the New York Mercantile Exchange was closed for the Presidents Day holiday. April Brent crude futures rose $1.47 to $61.36 a barrel on London’s ICE Futures exchange.


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