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Friday, October 13, 2006

Crude Prices Climb

Crude prices Climb: Oil futures ended the week on a high note, as speculative short-covering tied to cold weather in the eastern half of the US and a production stoppage at two Oil platforms in Norway gave the Crude market a boost. Norway's Petroleum Safety Authority halted production at Statoil's Snorre A platform and Vigdis oil-field, along with Royal Dutch Shell's Draugen platform due to safety reasons. Read More....