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Oil rises slightly on rising hopes for U.S. debt deal

from CTV News

The price of oil rose slightly recently amid alternating hope and uncertainty about the looming deadline for U.S. lawmakers to reach an agreement over the government's borrowing limit and shutdown. Benchmark crude for November delivery rose 39 cents to close at $102.41 a barrel in New York. Brent crude, the benchmark used to price international crudes used by many U.S. refineries, was down 24 cents to $111.04 per barrel. more


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