May 24, 2012 11:05 AM

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Crude oil gains more than 1 dollars per barrel

Brent crude oil gained more than one dollars per barrel today, as traders covered short positions after recent falls on worries over the health of the euro zone and signs of progress in talks with Iran on its nuclear programme. Brent crude futures for July rose 1.10 dollars to 106.66 dollars a barrel. U.S crude was up 84 cents to 90.74 dollars a barrel.

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