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Riyadh bombs up oil prices

  • Saudi Arabia: Thursday, December 30 - 2004 at 09:17

US oil futures jumped yesterday after two car bombs exploded in Riyadh but later fell back. Nymex crude for February closed USD1.87 higher at USD43.64 following the blasts in the Saudi capital. Traders said a major price hike was unlikely ahead of the holiday weekend.

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