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Global oil prices rise as U.S. cold snap boosts demand

Global oil prices rebounded on Tuesday as a cold snap in the United States boosted demand for heating fuel, analysts said. New York’s main contract West Texas Intermediate for February delivery rose 37 cents to $93.80 a barrel. Brent North crude gained also 37 cents to stand at $107.10 in…

OPEC president is a pastafarian

Hard to know how else to explain this claim: Khelil said the weak dollar and geopolitical worries are responsible for 60% of the rise in crude prices, but also said that “the intrusion of bioethanol on the market” was alone responsible for the other 40%. He didn’t explain why more…

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