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US cold, Chinese growth help lift oil above $101

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The price of oil climbed above $101 a barrel Tuesday on expectations that cold weather in the U.S. and steady Chinese growth will underpin demand. By early afternoon in Europe, benchmark U.S. crude for March delivery was up $1.04 to $101.34 a barrel in electronic trading on the New York Mercantile Exchange. Due to the President's Day holiday, the contract's last physical settlement was Friday,...

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