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"It is not all 'geopolitical risk premium' in oil prices," Sen said. "The lack of spare capacity and inventories is playing an equally large part." Signs of an improving U.S. economy have helped raise oil from $75 in October. On Wednesday, payroll provider ADP estimated companies added 216,000 workers last month. The government is scheduled to announce its February jobs figures Friday. In other energy trading, heating oil rose 0.2 cent to $3.22 per gallon and gasoline futures added 0.6 cent to $3.29 per gallon. Natural gas fell 0.1 cent to $2.30 per 1,000 cubic feet.
[Associated
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