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"We expect prices to eventually move back above $80 supported by the strong growth momentum in demand," Barclays Capital said in a report. "Despite price movements being at the mercy of macroeconomic jitters lately, $70 has emerged as a strong floor and with good reason." In other Nymex trading in July contracts, heating oil was up 0.19 cent to $2.0453 a gallon and gasoline added 0.1 cent to $2.0870 a gallon. Natural gas was up 3.7 cents at $5.043 per 1,000 cubic feet. Brent crude was up $1.10 to $76.04 a barrel on the ICE futures exchange.
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