Oil price rises to $48
Middle East: Tuesday, January 06 - 2009 at 08:07
Oil prices rose sharply Monday as the Israeli-Palestinian conflict heightened and Iran said OPEC would hold a special meeting next month. New York's main contract, light sweet crude for February, jumped $2.47 to close at %48.81 a barrel.
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Jeff Florian, Senior ReporterTuesday, January 06 - 2009 at 08:07 UAE local time (GMT+4)
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