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Wednesday, Feb 1, 2023
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Crude Moves Above $62

U.S. refinery outages and forecasts of a higher number of storms in the Gulf of Mexico boosted oil prices Wednesday, with crude futures surpassing the previous intraday high above $62 a barrel.


Light sweet crude for September delivery on the New York Mercantile Exchange gained 55 cents to $62.44 a barrel in electronic trading by midday in Europe, 3 cents off its high for the session and above the previous intraday high of $62.30.


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