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2009 March 18   06:37

Oil price up to $48.24 in London and to $49.16 in New York

In London, the Brent Crude contract was up $1.78 on March 17 to $48.24 per barrel on the ICE Futures exchange. Light Sweet Crude climbed $1.50 to $49.16 on the New York Mercantile Exchange, RBC reports.

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