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Oil in New York rose for the first time in six days as anti-government demonstrators planned to escalate protests in Egypt, renewing concern that crude supplies from the Middle East may be disrupted.
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Oil Rises First Time in Six Days on Renewed Egypt Supply Concern
Oil Fluctuates on Gasoline Supply Gain, Cushing Stockpile Drop
Oil in New York fluctuated after a U.S. government report showed gasoline supplies rose to the highest level in almost 21 years and crude stockpiles at Cushing, Oklahoma, declined.
Ukraine’s Turboatom Wins Tender to Upgrade Kazakh Station
VAT Turboatom, Ukraine’s biggest turbine maker, said it won a tender to upgrade Ekibastuz GRES-1, a Kazakhstan power plant owned by Kazakhmys Plc.
U.S. crude boosted by jobs data, Bernanke
U.S. crude oil futures rose in volatile trade on Friday as Federal Reserve Chairman Ben Bernanke made cautiously optimistic comments about the economic recovery and a government report showed the U.S. unemployment rate fell although fewer jobs than expected were added in December.
Oil prices seesawed with the dollar immediately after the jobs report showing U.S. nonfarm payrolls rose 103,000 in December, below analysts' forecasts for 175,000 new jobs, while the unemployment rate fell to 9.4 percent from 9.8 percent in November, its lowest rate in 1-1/2 years.
U.S. crude oil for February delivery rose 60 cents, or 0.68 percent, to $88.98 a barrel at 11:29 a.m. EST (1629 GMT), ranging from $88.04 to $89.48.
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