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Oil above $97 following solid European data

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The price of oil rose above $97 a barrel Monday, supported by a survey pointing to a modest economic pick-up in Europe and the continued closure of export terminals in Libya. By early afternoon in Europe, benchmark U.S. crude for January delivery was up 73 cents to $97.33 a barrel in electronic trading on the New York Mercantile Exchange. A survey of the 17-country eurozone showed business...

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