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"Despite an array of pleasing economic data in recent weeks, the latest surge in the price of oil can hardly be justified from a fundamental standpoint," said Joerg Zeuner, chief economist at VP Bank. "The demand for crude remains relatively weak." In other energy trading, heating oil was up 1 cent at $3.23 per gallon and gasoline futures gained 0.2 cent at $3.29 per gallon. Natural gas slid 1.4 cents at $2.27 per 1,000 cubic feet.
[Associated
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