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February 24, 2012

Oil prices top $108, a nine-month high

Oil prices have shot above $108 a barrel today in futures trading in New York, as tensions over Iran spur supply concerns.

Crude prices have risen for seven straight days and hit a nine-month high. "The bulls have the oil market by the throat," one analyst said.

Click here for the Bloomberg News report.

--Jack Z. Smith

Posted at 10:13 AM |

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