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Texas Refinery Shutdown Sent Oil Price Above $100
A Texas refinery shutdown and more global unrest sent oil prices above US$100
A Texas refinery shutdown and more global unrest sent oil prices above US$100 a barrel for the first time Tuesday, signalling higher gasoline prices and an expensive driving season for motorists come spring.
US light, sweet crude for March delivery rose $4.51 to settle at a record US$100.01 a barrel on the New York Mercantile Exchange after earlier rising to $100.10, a new trading record.
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