Oil Prices Surge Past $66

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Crude oil prices charged to a three-and-a-half month high above $66 a barrel Tuesday amid growing unease about the possibility of sanctions against Iran, OPEC’s second-largest producer, because of its nuclear ambitions.


February crude futures leaped $2.39 to settle at $66.31 a barrel on the New York Mercantile Exchange, the highest close since Sept. 29, when oil finished at $66.79. In London, March Brent crude on the ICE Futures exchange rose 99 cents to $64.17 a barrel.


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